The following correction lasted until February 15 (point 3) when it looked as though the correction was over.
Hunger for increased yield across asset classes will reach a tipping point, leading to a correction in credit markets.
The market is not yet out of the woods, and another healthy correction at some point after this bounce is likely.
"There could be a sharp correction at some point, but no one has any idea about the extent or magnitude, " he said.
And a more serious correction in gold at some point, perhaps now, could happen before the final phase of the bull market begins.
When the bank ironed another wrinkle out of its data in May, it used the correction to justify a quarter-point cut in interest rates.
The seasonal low was right on target, as crude oil prices did rally into July 2009 (point 6), but after a sharp, four-week correction, it again accelerated to the upside.
It offers a bureaucratic substitute for the actual market discipline (yes, even to the point of a debt crisis) that can alone force the necessary fiscal correction.
Technicians point to the low volatility of the VIX Index and forecast a sizable market correction around the corner.
FORBES: Big Caps Adumbrate The Bull Market (With Exceptions)
Over time, pressures within the fundamentals can build to the point at which they overpower all of the investor sentiment and force a price correction.
This correction held above the 61.8% Fibonacci retracement support level, which was point 2 of the double-bottom formation.
Some said a correction might even improve the health of the market and one can be expected at some point.
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