Fresh buy EUR orders below are viewing this as a correction and a long EUR potential buying opportunity.
What started last month as a correction of inflated equity prices is looking more and more like an outright crash.
"I see it as a correction within a bull market, " said James Hong, head of equity derivatives trading at Dresdner Kleinwort.
Stocks still look more attractive than bonds on a long-term basis, except perhaps not this week, as a correction may be in store.
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The Russell 2000, a widely watched benchmark for small-cap stocks, fell 2.3%, extending its drop from a recent high in March to more than 10%, a retreat commonly known as a correction.
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If wave A is made up of three waves, we should expect wave B to trade back to the top of Wave A as a flat correction.
Much further strength could be construed as an upside breakout, while a return of weakness in coming days would imply previous support levels will now be overhead resistance on rally attempts as a significant correction develops.
But I see what's happened since Jan. 1 as just a major correction, very comparable to 1998, with a few things flip-flopped, as described in my Feb. 25 column.
Most stock market strategists are calling the stock market decline off the April 26th highs as a typical 10% correction in a bull market that began in March 2009.
The good news for bulls is that in the event of a pullback, we would not expect a decline to be exacerbated by panic selling, since those that have recently accumulated stocks have purchased index or exchange-traded fund (ETF) puts, or VIX calls, as insurance against a correction .
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Rather than being seen as a sign of desperation, this should be viewed instead as a mid-course correction to offset the impact of the restrictive monetary policy that the country has implemented over the past two years.
Chairman Ben Bernanke has repeatedly called for the use of core inflation as a preferred measure. (Read Bernanke Gets Soft Balls As Experts See A Looming Correction).
FORBES: PPI And Sales Up As Inflation Debate Enters New Territory
And there is no shortage of bulls who see the correction as a just a blip.
Sometimes, the B wave trades above the top of wave A as an irregular correction.
Item 12: In cases where an error has been committed, newspapers must issue a correction as soon as possible.
Everything he chose to flag was either a correction as he remembered it, or a question relating to issues of technical or historic substance.
And many in China will see a 10% or more correction in Shanghai real estate as a positive.
As commodities suffer a pretty substantial correction, the inflation debate has moved into new territory.
FORBES: PPI And Sales Up As Inflation Debate Enters New Territory
The selling picked up in October, as the Dow made a new correction low of 1, 161.
Buoyed by a strong housing sector, and a solid performance from sectors like healthcare and financials, stock market bulls seem to have left behind those speaking of a coming correction as investors look for equities to go even higher.
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Knowing what to avoid in a market correction can be just as important as knowing what to buy in a rally.
Gold remains in favor as a safety play or alternative currency among many investors despite a correction from the late-summer highs, analysts said.
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Unfair and undeserved as it may have been, a correction from a moderator does not go unnoticed.
Jimmy Tintle, analyst at Transworld Futures, said the market has had a pretty decent correction as of late.
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Since the beginning of the year, the SPDR Gold Trust ( GLD) has fallen more than 5% as gold has seen a mini-correction take place.
Dragging the tech ETF lower was aggressive selling in Corning (GLW), which took the stock down by more than 10% as part of a multi-day correction.
Then came a large downward correction as those accommodation hopes were quashed by subsequent Fed comments and three straight monthly U.S. non-farm payroll gains in excess of 200, 000 jobs.
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In the month since the stock reached new, 52-week highs, the stock pulled back to retrace about 25% of its August-July run as part of a five-day correction that took shares of NLS into short-term oversold territory.
However, as Ken Hersh the CEO of NGP Energy Capital suggests, the market is in the process of realigning, as there has been a twenty percent correction in rig count (with more to go), which will tighten supply figures over the next 18-24 months.
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