Just how far that correction may go depends on how the market acts during the retraction.
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Thus, it would appear that the correction phase may have ended and that a trading range has now begun.
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This could indicate that the correction in the futures market is largely completed and that pressure on prices from this side is easing.
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The VIX, a closely-watched gauge of volatility expectations for the next 30 days slipped under 13 for the first time since mid-2007 Friday, a signal that a correction is in order to some, but possibly an indication that not a whole lot is expected to change that drastically in the next month.
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The theory says that this correction will be bigger and last longer than the two minor corrections that were seen on the way up.
Mr. Amari suggested that the correction of the strong yen had mostly been completed.
The overwhelming majority of respondents said that yes, they are concerned that a correction will occur.
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Both need to move above the prior three-week highs to indicate that their correction is over.
The OBV needs to surpass the downtrend at line d to confirm that the correction is over.
Once again, the Wave Principle tells us that a correction can never be made up of five waves.
The OBV broke its short-term downtrend in early November, line c, suggesting that the correction was over.
There is initial resistance at 8, 300, and a daily close above 8, 400 should signal that the correction is over.
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One of the reforms would look at ways to better "publicise" the fact that a correction had been made.
The weekly and daily OBV (not shown) are still below their WMAs, suggesting that the correction may not be over.
However, it is also very probable that the correction would have been shorter and the long-term economic trend more healthy.
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There is a tendency for investors to fear that a correction is imminent when stock market averages are hitting new highs.
Yet already Wall Street is assuring investors that the correction is over, and the lower prices are presenting a buying opportunity.
The OBV has turned up and a move back above its WMA would support the view that the correction is over.
So firm, in fact, that a correction next week could be a time to buy, writes MoneyShow.com senior editor Tom Aspray .
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"It is important to understand that the correction centered on the description of a single statistical method, " Kim said in a statement.
The rally lost some steam on Friday, but a more convincing lower close is needed to signal that a correction is underway.
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That market correction led to NHL players initially receiving 54% of league revenues, which eventually grew to 57% as league revenues grew.
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My long-term outlook for the commodity markets still suggests that this correction will be a buying opportunity, but not until we see prices bottom out.
Merck disagrees that the correction damages the 18-month claim at all.
The strong close last week suggests that the correction is over.
We do believe that the correction in the silver market will continue for sometime to come, as economic fundamentals will turn worse before they turn better.
Trent Miracle, an attorney at SimmonsCooper, says that the correction could double the number of Vioxx lawsuits his firm files by September to more than 2, 000.
The fear of losing money causes us to be sensitive to any indication that a correction is coming, whether we intend to do anything about it or not.
So everyone recognizes that a correction must come soon, right?
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