Originally Posted by
Hoop
Hmmm..maybe.... usually a correction lasts a couple of month on average..but you never know for sure as the time variation for how long a bull market correction last can be rather large... 1 month 6 months 9 months?
The view to be taken should one day at a time looking at possible scenarios both positive and negative and watching for those reversal signs..
Since its down trending and testing the 4400 (4398) again the pessimist view is.... what happens it the short/medium 4400 support breaks? Answer: no big deal.
The worry time starts if the NZX50 starts testing that Primary support at 4335 which has Secular connotations (2007 bull market top)
The correction so far is 5%... its a very small correction if it bottoms out here at 4400