Pages

Tuesday, May 8, 2012

5-10% pullback

The lows of today's session approximately coincided with a 5% pullback from the ytd high.  While completely arbitrary, people often look for declines in the 5-10% range from a near term top.  A 10% decline would take us back to 1280, and erase most of the year's gains.  If 2012 ends up looking like 2011 and 2010, this would be the level that one might expect us to get back to.


No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.