If there was a major correction, like October 1987, I'd be willing to place some bets.
Without it, the company was on the verge of bankruptcy after betting against the dollar just months before a major correction in the markets post-Lehman Bros.
The bottom line: If continued, sales of Chinese listed banks shares by foreign institutional investors could cause a major correction of the Shanghai and Hong Kong Exchanges.
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.
Given how Europe is unraveling and emerging markets rates of growth are slowing rapidly, we might be nearer to a major correction then those with lots of money in stocks believe to be true.
But take this as a sure sign that Facebook, oft criticized for lagging behind in mobile, is in major course correction mode.
We had a double bottom this year with a major market correction that challenged the size of what might be considered a bear market.
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Therefore, even though the major averages made new correction lows, the market had plenty of reasons to drop more sharply.
Since the highs in September of 2011, I have been looking for a correction within the major trend that would last long enough to reverse the extreme bullish sentiment that prevailed last summer.
This is positive for the major trend and indicates that a deeper correction will be a buying opportunity.
We believe the major trend is still up, so this correction is providing you a great chance to get on board this Chinese blue chip.
The good news is that the weekly studies show no signs of a major top, so if there is a correction, it should be a buying opportunity.
"We are expecting a different degree of price correction in different cities, with major and coastal cities likely to see (bigger declines in prices) this year compared to the inner cities, " said Daiwa Capital Markets analyst Danny Bao, who added that he expects property transaction volume to fall 10% this year.
Some Central Bankers in China have said that the major banks and developers could survive a 30% correction.
The OBV dropped back to major support (line b) on the recent correction.
This made a correction likely but not an end to the major uptrend.
Overbought conditions and apparent reversals in major stock indices suggest the start of a long-overdue correction.
The reversals in the major averages are consistent with the start of the long-overdue correction.
Specifically, I look for the monthly OBV and RS analysis to confirm a major new high, and then develop a strategy to buy on the correction.
Both KB Home and Lennar, two of the major players in the sector, have seen their stocks rally consistently since the big August equity correction of 2011.
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