Correction

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Correction

Reverse movement, usually downward, in the price of an individual stock, bond, commodity, or index. If prices have been rising on the market as a whole, and then fall dramatically, this is known as a correction within an upward trend. Antithesis of a technical rally. See: Dip, break.

Market Correction

A drop in the price of a security when that security has been overbought and therefore overpriced. Market corrections are usually short-term and are necessary for the stability of the security.

correction

A sharp, relatively short price decline that temporarily interrupts a persistent upward trend in the market or in the price of a stock.

Correction.

A correction is a drop -- usually a sudden and substantial one of 10% or more -- in the price of an individual stock, bond, commodity, index, or the market as a whole.

Market analysts anticipate market corrections when security prices are high in relation to company earnings and other indicators of economic health.

When a market correction is greater than 10% and the prices do not begin to recover relatively promptly, some analysts point to the correction as the beginning of a bear market.

References in periodicals archive ?
The advent of the excimer laser was the most significant advance in the history of refractive surgery as it significantly improved the safety and efficacy of refractive correction.
The unique feature of providing corneal protection, refractive correction, drug delivery and the potential for better and faster wound healing may eventually make this Biolens a standard part of ophthalmic practice.
The Keraflex refractive correction procedure is a microwave-based, non-incision ophthalmic procedure for flattening the cornea without the removal of tissue.
The Tracey-VFA is capable of simulating a wavefront representation of the eye's visual function, and may conversely simulate a refractive correction map of the eye using the same data.
The Keraflex[R] refractive correction procedure is the first technology developed from the Thermo-biomechanics platform and is a non-invasive, incision-less ophthalmic procedure for flattening the cornea without the removal of tissue.
The magnitude of correction with this treatment diminishes over time, with some patients retaining some or all of their refractive correction.
The US Federal Drug Administration (FDA) has approved the technique for the refractive correction of up to 6.
5 million children in the UK wear a refractive correction, yet only around 8% of contact lens fittings in the UK are to teenagers and 2% to children.
6,315,771 for the refractive correction of astigmatism with myopia and hyperopia via cross-cylinder ablation.
The Keraflex[R] refractive correction procedure is the first technology developed from the Thermobiomechanics platform and is a noninvasive, incisionless ophthalmic procedure for flattening the cornea without the removal of tissue.
5 million children in the UK wear a refractive correction and yet only around 8% of contact lens fits in the UK are to teenagers and 2% to children.