A 10% plus correction would be good
Written by Stock Bee - 1/22/10
- The market has not had 10% or more correction for months.
- If this develops in to a proper multi week/multi month correction it would be good.
- Correction seperates strong multi month leaders from speculative stocks.
- With a 4th down days in last 6 to 7 days, this looks like a correction.
- But so far betting on correction in this market has not worked.
- Most corrections have been minor and the buy the dip strategy has worked.
- The “International Leaders” seems to be the first to break.
- That ties in very well with the IBD starting a new page about them.
