When do you expect the next Correction?

[YOUNG_TRADER]

This Poll is very simple, we have had a stellar run since October, so when do you expect the next correction as the oct one never happened?

There will be alot of painful memories of May!

 

[Jay-684]

May?

I dont really know but hopefully when it arrives I'll have plenty of cash to buy up

 

[michael_selway]

May?

I dont really know but hopefully when it arrives I'll have plenty of cash to buy up

After May

thx

MS

 

[YChromozome]

Friday?

 

[nizar]

Sell in May and go away.
May 2006 has scarred me for life...

 

[theasxgorilla]

I don't like making predictions as I work off the premise that you trade what is in front of you...however, IF you believe Merriman cycles analysis we should see a minor low (the conclusion of a correction) between March and May. It's likely to be closer to March, as this is where the 50 week and 22-month cycle co-incide.

The big one to look out for though (9-year cycle) will be October 2007. This will co-incide with the 10 year aniversary of the Asian currency crisis and 20 year anniversary of Black Monday.

Thats it, I'm outta tea leaves.

 

[petee]

thinking we will see a major correction in the early new year on wall street and the rest will follow suit..its way overheated in my opinion like a balloon..my opinion only..DYOR

 

[ducati916]

In the US..........January

jog on
d998

 

[wavepicker]

January

Cheers

 

[yogi-in-oz]

Hi folks,

XJO ..... should be strong over the next 8 weeks,
particularly from 15-21022007, then the first signs
of a correction should arrive, around 07 March 2007.

Mostly down in April & volatile trading May-thru-September,
then a stronger market, around mid-October and a good
market, in early-December 2007.

More detailed astroanalysis on XJO, in SPI thread,
as the year progresses .....

Strong sectors should be consumers discretionaries
and energy ..... spec stocks, gold, racing and gaming,
booze-FGL, publishing, travel, oilers ... more later.

happy days

yogi

 

[mhtrieu]

Hey People (Nizar in particular),

How bad was the market correction in May? I didnt trade until November, so i dont know what really went on. What kind of stocks did u have during May?

Thanks

 

[wayneL]

With Copper - 7.3%
Crude - 3.7%
and precious metals struggling...

A correction could be imminent... in the resources sector anyway.

 

[nizar]

Hey People (Nizar in particular),

How bad was the market correction in May? I didnt trade until November, so i dont know what really went on. What kind of stocks did u have during May?

Thanks

From the stocks i held.
KZL from $4.70 to $2.89.
OXR from $3.81 to $2.53
LHG something similar.

Others i was looking at.
ZFX from $13.50 to $8.00.
CBH from $0.57 to 0.29.
PDN from $5.50 to $3.30.

SO yeh, pretty bad.

 

[professor_frink]

Sell in May and go away.
May 2006 has scarred me for life...

What was it exactly that was so scary about May Nizar?

It took less than 5 weeks to find a bottom and wasn't big enough to drag the market into the red for the year. In all of those stocks you mentioned, you would still have been ahead for the year when the June lows were made.

 

[nizar]

What was it exactly that was so scary about May Nizar?

It took less than 5 weeks to find a bottom and wasn't big enough to drag the market into the red for the year. In all of those stocks you mentioned, you would still have been ahead for the year when the June lows were made.

It just shocked me.
Before that, i thought all stocks did were go UP!

 

[professor_frink]

It just shocked me.
Before that, i thought all stocks did were go UP!

Fair enough. First lessons are usually the hardest. At least you know what you can expect next time it happens, which could be quite soon

 

[Morgan]

The "market" doesn't really care when I think the next correction should be.
I will let my super funds worry about that and take care of all the "boring/safe" stocks.

For my small trading funds, I will play with the more "interesting" stocks.
However now have the helmet in place should the sky fall on my head- stop losses on all the stocks that I own.
"Buy gains" on the stocks that I would like to own.

Was stopped out of my favourite stock yesterday (PDN) but then that's what stop losses are for- to stop you becoming emotionally attached to a stock.

 

[Sean K]

Today!

My head hurts.

I'm going to the pub.

 

[marklar]

Today!

My head hurts.

I'm going to the pub.

Was just thinking the same thing...

m.

 

[powerkoala]

wow...
i m going back to zzzzzzzzzz
already got hayfever and this is getting worse.......