A correction in the equity market refers to a downward movement in stock prices after a sustained period of growth.
Thanks so much Doc, Larry Connors is truly brilliant.
Glad it helped
One could also use Log-Periodic Power Law Singularity (LPPLS):
• This mathematical model identifies bubbles by detecting faster-than-exponential growth in asset prices.
• It uses patterns of price oscillations (log-periodic oscillations) as the system approaches a critical point.
Thanks so much Doc, Larry Connors is truly brilliant.
Glad it helped
One could also use Log-Periodic Power Law Singularity (LPPLS):
• This mathematical model identifies bubbles by detecting faster-than-exponential growth in asset prices.
• It uses patterns of price oscillations (log-periodic oscillations) as the system approaches a critical point.