Friday, October 29, 2010

Three big signs of an imminent correction are in place

From Gold Scents:
There are three things I watch for as a sign that a correction is imminent. They are in order of importance: cycles, sentiment, and money flows.
The current cycle is already stretched to 45 days. Usually this cycle bottoms between 35 and 40 days so you can see we are now overdue for a top. That covers the cycles part of the equation.
Sentiment has now reached bullish levels (contrary sign) that should be enough to force at least...
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More on stocks:
Two more signs that a correction is coming
The huge investment trend you cannot afford to ignore
Top Goldman trader: The market is unbelievably overbought
View the original article here

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