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Market Correction

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RiskitBiscuit
Occasional Contributor
Hi All, What is your feeling/ opinion about a possible Market Correction being on the way? I've only been trading for a short time and I haven't done too bad at all, but I'm weary of investing now due to fears about this, please advise...
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19 REPLIES 19
SimonPB
Valued Contributor
100% possibility .. but when ?? you could die waiting ..
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Bentley
Frequent Contributor
some have the correction starting at 41400
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SimonPB
Valued Contributor
an others at 41170 ??
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Bentley
Frequent Contributor
a move through 170 today or early tomorrow will be confirmation
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Bentley
Frequent Contributor
a move through 170 today or early tomorrow will be confirmation
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Rams
Super Contributor
on the 15 minute ALSI chart, we had the correction already from 41389...we now looking to get back to 41400...
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Rams
Super Contributor
anyway, RiskBiscut, wellcome to the forum, you in the right place, just beware the trolls...
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RiskitBiscuit
Occasional Contributor
Thanks guys, appreciate the feedback!
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Rams
Super Contributor
nice one Simon, lets not start some thing, or same thing all over again...
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WES
Super Contributor
Just remember, the bulls are always stronger than you think, in other words the market will keep on going up past logic, and bears.....they are short and furious, so when the market correct, it will be fast, no market corrects itself gradually, but then remember never be afraid or greedy !!!!ha ha
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Bentley
Frequent Contributor
Right - U will notice we are there!
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SimonPB
Valued Contributor
bentley, surely it best to be neither bearish nor bullish .. surely best to trade whatever the price tells you be it up or down ??
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Bentley
Frequent Contributor
yes absolutely - who was suggesting anything else?
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SimonPB
Valued Contributor
the statement above with the we in it
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Bentley
Frequent Contributor
It was merely a statement that we (i.e. the market) have hit a certain level. I may or may not open the way for further downside.
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gamma
Contributor
Bentley, with all due respect, you alone will neither open the upside nor the downside ... I'm with Simon here, whatever the price says, that is what we trade
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Bentley
Frequent Contributor
Gamma that was a typo - it was meant to read "It" - referring to the market
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Oom_Boom
Frequent Contributor
Bulls take the stairs up, Bears jump from the windows. Trying to call tops imo is luck, trade the trend, the trend is your friend.
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Bentley
Frequent Contributor
quite right. But the trend is your friend till the bend in the end. As you saw yesterday into the close that bend can be very profitable.
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