For those that are thinking the Fed will pull us out of this
"correction", I say "what correction?". The $NDX corrected
for 10 trading days. Yes, big price correction, but in the
realm of time that is needed to properly digest the gains of the
last 2.5 years, 10 days is not an adequate time for correction.
So for me, I just can't see this "Shock and Awe" having the
$NDX rally back over their old highs (as they surely would have
to), after only a 10 day correction in a 2.5 year mega bull run.
And where would this put AAPL?
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A real correction?
thoughts?
Posted by kalinm on 21st of Sep 2011 at 11:52 am
For those that are thinking the Fed will pull us out of this "correction", I say "what correction?". The $NDX corrected for 10 trading days. Yes, big price correction, but in the realm of time that is needed to properly digest the gains of the last 2.5 years, 10 days is not an adequate time for correction. So for me, I just can't see this "Shock and Awe" having the $NDX rally back over their old highs (as they surely would have to), after only a 10 day correction in a 2.5 year mega bull run. And where would this put AAPL?