Maybe, but can you post anything to support your statement? A chart? TA? An oracle you visited in Shangri La? Otherwise this is just a chit-chat topic. Please post something of substance.
50% correction of DOW 14,000 is 7,000. Lower, with more governmental tampering. A 50% correction of the high has been long forecasted and overdue.
AMEN!!! Getting tired of people making blind predictions and polls seeing whether people think instrument X (gold, Oil, Bonds, S&P, ...) will go up/down on/by date Y and/or whether price Z is relevant. The answer? Maybe, maybe not Almost wish Moderators would delete pointless threads.
A symmetrical Triangle is forming. Its a continuation pattern. 9800 minus 8000 is 1800 putting us at 6600 on the dow.
It wouldn't matter what volume was, you still would either say "don't expect much downside" or "expect a huge EOD rally". Either way, even if signs were pointing lower you'd just ignore them anyways