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Stovall predicts 3-8% correction


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#1 nimblebear

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Posted 30 January 2007 - 01:48 PM

or even 10%. Haven't had anything close since 2002. I find it hard to see a correction this large coming. The market is very strong, earnings are good, (except for the majority of revisions downward.) and the economy is stronger than people think.

http://www.marketwat...=seen&dist=ctmw
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#2 selecto

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Posted 30 January 2007 - 02:05 PM

Predicting a "correction" to the trend line does not take extraordinary insight.

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#3 beardown

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Posted 30 January 2007 - 02:10 PM

nenner predicted a correction,remember what happen to him :cry:

#4 eminimee

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Posted 30 January 2007 - 02:32 PM

Excuse me but it's already been predicted.....but this guy at least narrowed it down to 7 or 8% a few weeks ago!!

:blush:



http://www.traders-t...?...ic=65217=



I've tried to narrow the path a bit too...

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=0&mn=3&dy=21&i=p91187304335&a=91757908&r=6546.png

#5 nimblebear

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Posted 30 January 2007 - 03:02 PM

Predicting a "correction" to the trend line does not take extraordinary insight.

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What indicators are used to prompt the Blue Arrows for a correction ? Looks interesting.
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#6 selecto

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Posted 30 January 2007 - 03:29 PM

From this weekend:

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