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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Boca_PETE who wrote (6684)8/11/1998 1:43:00 PM
From: Investor2  Respond to of 42834
 
Re: Could someone define the term "intermediate term correction"?

Strictly speaking, I think the term "intermediate correction" usually refers to a drop of 10% to 20% by the market as a whole (e.g., Wilshire 5000 or NYSE Composite).

From my point of view, the duration of the drop must also be considered. For instance, if the market drops 25% for a period of one week and then goes back to new highs, I would classify it as an intermediate term correction, even though the drop was more than 20%.

Best wishes,

I2