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#2105 (permalink)

12-07-2007, 03:51 PM

Jamie Saettele Jamie Saettele is offline

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Quote:

Originally Posted by serhito

Jamie,

What do you look for to establish that it is going to be a complex correction ?

Thanks

Time...the rally off of the low in the Dow to this point only took 2 weeks...far shorter than the decline that preceeded it. The decline from the top actually took 6 weeks. What we have then is a perfect scenario for a complex correction which will occur in 3 segments...each taking 2 weeks to match the time that the decline took.....6 weeks. While price is most important, time must also be considered.

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