technical correction

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Technical Correction

A temporary decline in a stock's price after a series of extremely high gains. If a stock is overbought, its price often become unsustainably high and a technical correction brings it back to a level that ideally reflects its true value.

technical correction

A temporary downturn in the price of a stock or in the market itself following a period of extensive price increases. A technical correction takes place in a generally increasing market when there is no particular reason that the increases should be interrupted other than the fact that investors have temporarily slowed securities purchases.
References in periodicals archive ?
Congress included some important technical corrections in the Gulf Opportunity Zone Act of 2005 (GO Zone) to update the definition of "dependent" for purposes of employer-sponsored dependent-care assistance programs, including dependent-care flexible spending arrangements (FSAs) and health savings accounts.
In addition, Glickstein notes that there are likely to be technical corrections that could address anything from disconnects with existing law to typographical errors.
Following a keynote address by Yale Professor Michael Graetz on the prospects for a new course in tax policy, a group of current and former government officials will address legislative developments in the current Congress as well as the likelihood of additional legislation, including enactment of a technical corrections bill, before the end of the year.
House Republican leaders failed to get a required two-thirds majority to approve the "Fed Up" bill, legislation making technical corrections in the operation of student aid programs.
44, Accounting for Intangible Assets of Motor Carriers, and amend other existing authoritative pronouncements to make various technical corrections.
1(e) Rules Regulating The Florida Bar being proposed by The Florida Bar Foundation represent two essential changes to the IOTA program, along with some technical corrections and reorganization of the rule.
The act's major provisions, approximately 40% of which were based on proposals presented by AICPA representatives during seven congressional and tax commission hearings, include expansion of taxpayer protections, IRS organizational reforms and a number of technical corrections to the 1997 tax act.
4839, the "Tax Technical Corrections Act of 2007," which makes technical corrections to various provisions of tax law;
US Dollar Could Resume Uptrend on Safe-Haven Demand This Week Euro Strength Dependent On Outlook For Risk And Interest Japanese Yen Could Rise Amid Technical Corrections British Pound Will Follow The BoE Rate Decision Despite Forecasts Swiss Franc Vulnerable As SNB Pledges To Limit Gains Canadian Dollar May Reverse Gains as Recession Deepens Australian Dollar Threatened by Fading Risk Appetite, Surprise Rate Cut New Zealand Dollar To Strengthen If Risk Trends Hold
After major tax legislation is enacted there is often a technical corrections act to fix the unintended errors or omissions in the original legislation.
IRS guidance and, possibly, technical corrections may eventually clarify the situation.
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