A diary of the thought process behind my investment decisions
The 10 Day Rule
Corrections within the rally since July have been few and far between, but there is a pattern. Ten days of strong rallying have led to corrections. There have been 5 instances of ten day rallies. After the first 10 day rally the market went sideways for a few days and resumed its upward march. The next 3 times the market corrected between 4% and 6%. Monday marked the 5th ten day rally. That is the reason I am looking for at least a 4% to 6% correction. At best, the market goes sideways.