Do you make any adjustments for the falling Dollar when calling stocks "too high?"
As the Dollar falls the "real value of stocks" (assuming they have any real value) is no longer "as high", only the numbers are inflated (i.e 2008 Dow 14,500 does not equal 2014 Dow 14,500)

When stocks are "overbought" (along with a much lower Dollar) the targeted low might be 11,000 (for example) instead of 6,500 or 7,000, or do you predict a real crash, like Dow = 1,500 by 2015?