Monday, June 13, 2011

Is The Correction Done?

Stocks have been correcting for a few weeks.
They got down around 7% from the recent highs.

Is it over?
Or do we have another 4% to go?

But it is most likely just a correction, not a new bear market.
Which means that there will be new highs this year after this correction is over.

I say this correction is over or almost over.
But it will take off slowly. No fireworks for July.

1 comment:

  1. INFO
    recent low on DOW 30 was
    11863 June 15, 2011
    and now we are just a little over that
    market is going sideways
    so is the correction done? will there be a lower low?

    ReplyDelete