Will We Have A 7% Or Greater Correction By August?

Will We Have A 7% Or Greater Correction By August?

  • Yes

    Votes: 32 43.2%

  • No

    Votes: 30 40.5%

  • Only If CNBC Commands Their Flock To Sell

    Votes: 2 2.7%

  • Correction? What's That?

    Votes: 10 13.5%
  • Total voters
    74
Quote from michaelscott:

Im not the biggest know it all.

I studied these equations and patterns hard after we corrected in May 2006. The May 2006 correction was a disaster to my 401k and I only broke even in that account by October.

So I studied the indexes more closely and came up with these formulas.
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The sad part of it all is YOU REALLY BELIEVE that you have found the answer.
 
Sadly ms and I agree. He Sounds like someone I know so well. But he has his dates wrong.


Quote from HolyGrail:

The sad part of it all is YOU REALLY BELIEVE that you have found the answer.
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I'm a big bear but no significant drop till October 17, 2007. The blackest Friday of them all. Can you say curbs in?800 point drop, then a 500 drop on Monday the 19th.


If and when it does drop, it won't be anticipated like it has been the last 2 months. Will catch you off guard and be a lot worse than Feb. 27th.
 
I'm confused, what is a correction? I Vote :D

As long as everyone is expecting a correction there will be no correction ... at least not in the short run ... see the big guys dont like scalping so when they buy they move the stocks to highest point possible then they short right before it reachs the top and they make sure they make as much profit on the downside as the upside :p

Quote from Alex the Great:

On what do you base such absolute claims?
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actually it does make sense, when you look at it S&P is trying to reach an all time high ... and when it does there will be even more buying ... so it will probably go some where close to 1650 .. or at least 1600 ... after all they have to create an upward trend in the S&P500
 
Why speculate about a correction? Just play the market as it is right now. Low risk setups every day. Worry about a correction when it's a reality, shut down your brain because it constantly tries to predict one behind every 0.2% drop in the indices.
 
Lol 50% thinks we will get a correction? This is anecdotal evidence that there is still too much fear out there, market tops are defined by euphoria, and not fear.

We will not get a significant correction, at least not in the near future.
 
Quote from trickshot:

Lol 50% thinks we will get a correction? This is anecdotal evidence that there is still too much fear out there, market tops are defined by euphoria, and not fear.

We will not get a significant correction, at least not in the near future.
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Really? Isn't a market top defined by there being a top and turnaround in the market? That whole bullshit about "defined by euphoria, and not fear" is just some stupid old adage that you are ignorant enough to believe. :D

...and if you still can't understand that markets can top even if many are fearful, and clearly ET posters are not a sample of the majority in the marketplace, then you deserve to continue thinking that.
 
The market will let us know when it wants to turn around for good. Speculating when it will happen will not make you $$$ ... rather it will cloud your mind and probably end up making you less money.
 
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