Sunday, April 22, 2007

Extended Market

I don't have much time for a post, but look at this chart. It is a percentage of stocks two standard deviations below their 200 day moving average. Look at the previous corrections since the 2003 lows. All of them were much boader, with each hitting the 15% mark.

This chart is telling me that we have the "real" correction coming up soon.

No comments: