Web Statistics market correction coming - or are the bulls laughing

Wednesday, 15 May 2013

market correction coming - or are the bulls laughing

market correction coming?

Some of my ELITE MEMBERS are asking many questions at the moment. I do get asked many interesting questions day to day, but I am starting to see a pattern in the questions being asked. 

At the moment everyone seems to be asking if there is a MARKET CORRECTION COMING?

I do not know whether to get my crystal ball out, or go to a 1800 phone psychic. LOL.....

I did do a little bit of investigative work today and thought our readers would like to see this interesting statistic, from business insider.

Market correction coming ? : the stats say it all! We have now gone 177 days without a meaningful correction  i.e. in the vicinity of a 5% sell off. 

Does that mean a market correction coming tomorrow?. NO! Does it mean that a market corrections is coming next week. Well no one really knows that? It does mean we are in a serious bull market, whether you like it or not. So you have to be careful if you are getting ready to 'sell the farm' and get yourself short.

Eventually we will have some sort of a sell off, but there are no signs of that just yet. Take a look at the stats below.

market correction coming
market correction coming

No matter what happens, we will just take this one day at a time. That is what any astute trader should be doing right now. I have learnt over the years that patience pays off big time as a trader. The less you trade, the more you make. I know that sounds a bit flippant, but it is true. If you want to lose big amounts of money on the market, the best way to do that is to start pre-emtping the market, or rush into positions without doing technical analysis or looking at the charts. The better trades will present themselves to traders that can prove to themselves they have good self control and patience.

The best way to trade a market correction is to first let it happen, do not just pre-empt and place your trades because you have a hunch, or think to yourself the market has gone up too high and you are ready to get yourself short. That is when you are likely to get taken to the cleaners! 

There is nothing to do right now but to sit calmly and wait, and strike when the time is right. 


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