Ian Woodward's Investing Blog

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.

Copyright © 2007-2010 Ian Woodward
Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.