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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: lizardK who wrote (5359)5/25/1999 4:14:00 PM
From: Kirk ©  Read Replies (1) of 15132
 
I think a correction is defined as 7%

Ralph A defined it yesterday on CNBC as 5 to 10%

and I have heard Bob say "up to 10%"
where 10-20% becomes an "intermediate term correction".

SPY is (129.5-138)/138 = -6.2%
DJIA is (10531-11131)/11313 = -5.4%

Give me a few hundred more points to get these into 7% and I'd sure feel alot better, but it looks like we have a correction on Ralph's A's definition if not quite yet Bob Brinker's.

regards
Kirk out

PS Justa... SFAM! ??? easy come....easy go I suppose. First my BOWG profits evaporate now SFAM... Need to visit the pistol shop for a new model to sling! 8)

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