Ian Woodward's Investing Blog

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Red Alert: Stock Market Pause to Refresh or Correction

After today’s action in the stock market, the Three Road Scenario in the short term is simple:

  1. High Road:      Bounce Play Tomorrow
  2. Middle Road:   Pause to Refresh
  3. Low Road:       Full Blown Correction

This next chart needs no explanation and is the evidence that we are at the critical point.  In my last blog note I said the critical level is 30:70 and we are currently at 34:66…close enough for Gov’t Work:

Ron and I look forward to seeing you at the Webinar tomorrow evening.

All the Best, Ian.

This entry was posted on Wednesday, February 23rd, 2011 at 8:44 pm and is filed under HGS Principles, Market Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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