meaningful correction would be 7 to 10%? Hard to envision in the
near future no?
I was watching a tech guy on TV last night (you know, the type
that likes to put trend lines everywhere in five year charts) but
he did make a point that a correction does not neccesarily have to
be in "price" but could be in "time" while indicators reset.
a correction of 3.5% would be about 50 SPX points, that is a
meaningful amount to me and certainly with plenty of potentially
profitable down and up moves!!
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meaningful correction would be 7
Why is everyone talking about shorting the markets here?
Posted by Palladin on 9th of Feb 2011 at 02:08 pm
meaningful correction would be 7 to 10%? Hard to envision in the near future no?
I was watching a tech guy on TV last night (you know, the type that likes to put trend lines everywhere in five year charts) but he did make a point that a correction does not neccesarily have to be in "price" but could be in "time" while indicators reset.
I'll take a nice 3.5% correction
Posted by perthx on 9th of Feb 2011 at 02:12 pm
a correction of 3.5% would be about 50 SPX points, that is a meaningful amount to me and certainly with plenty of potentially profitable down and up moves!!