This is the Fifth "Crash" in the Last Month - page 2.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: phatsphere on February 23, 2013, 07:24:02 AM

Quote from: thoughtfan on February 23, 2013, 06:59:57 AM

I don't know about "corrections" as a technical term …

Then better do your homework first, then post here.

Quote

A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset.

Read more: http://www.investopedia.com/terms/c/correction.asp#ixzz2LiyBXLua

Yep, except they do happen in down-trends too. You know, when you get that little "rocket" in a bear market?
It would be better said to be a movement against the main trend, when the main trend moves too far, too fast.

NamelessOne

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Quote from: thoughtfan on February 23, 2013, 06:59:57 AM

Quote from: phatsphere on February 23, 2013, 06:41:21 AM

i think, your "crashes" are actually called "corrections"

I don't know about "corrections" as a technical term but I would have thought corrections would serve the function of taking the price back to somewhere relatively stable where the market deems an appropriate valuation to be. Yet all these 'corrections' seem to be doing here is giving the drive upwards a bit of breathing space, allowing time and opportunity for those not comfortable with the new level to bail out (and giving day traders a chance to try their luck with a temporary BTC short) before continuing the march towards the heavens!

Yeah, pretty much what a correction is.

phatsphere

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Quote from: thoughtfan on February 23, 2013, 06:59:57 AM

I don't know about "corrections" as a technical term …

Then better do your homework first, then post here.

Quote

A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset.

Read more: http://www.investopedia.com/terms/c/correction.asp#ixzz2LiyBXLua

Phoenix

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http://cdn.memegenerator.net/instances/400x/30353297.jpg

thoughtfan

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Quote from: phatsphere on February 23, 2013, 06:41:21 AM

i think, your "crashes" are actually called "corrections"

I don't know about "corrections" as a technical term but I would have thought corrections would serve the function of taking the price back to somewhere relatively stable where the market deems an appropriate valuation to be. Yet all these 'corrections' seem to be doing here is giving the drive upwards a bit of breathing space, allowing time and opportunity for those not comfortable with the new level to bail out (and giving day traders a chance to try their luck with a temporary BTC short) before continuing the march towards the heavens!

phatsphere

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i think, your "crashes" are actually called "corrections"

GoWest

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betwithbtc.com

Keep things in perspective, folks:

Topic: This is the Fifth "Crash" in the Last Month - page 2. (Read 2708 times)