http://streettalklive.com/index.php/daily-x-change/2877-weekend-reading-just-a-correction-or-something-else.html
Earlier this week I posted two pieces of analysis with respect to the
recent dive in the markets. The first discussed the possibility that
this is just a correction within an ongoing bull market. The second delved into the possibility that a new cyclical bear market has begun. Only time will tell which is truly the case.
However, in ALL cases, the initial decline led to a subsequent bounce
and ultimately retested previous lows. As shown in the chart below,
this was the case in 2010 and 2011 which were ultimately followed by
Federal Reserve interventions that helped the bull market regain its
footing.
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