dow jones: A correction is typically defined as a drop in an asset of at least 10% from a recent peak, according to Market Watch. That forecast would put the broad-market benchmark peak well above its previous record of 2,190.15, reached Aug. 15. Expectation is for U.S. stocks to endure at least 11% decline after top recorded, he said. He sees the Dow Jones Industrial Average DJIA, 0.21% possibly rising as far as 19,434 in a 1-2 day blow-off. With stocks stretching higher, DeMark warns that it may be appropriate to take caution Heed and caution are appropriate at this time, he said. The S&P 500 ended Friday at 2,164.45, while the Dow closed at a record 18,847.66, notching its second record close in a row.
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