Phil Erlanger, CMT looks at the meaning of a correction during a low VIX reading in his December www.goodmorningwallst.com article: “Camelot Phase Correction“:
“It’s been almost a month now since the Presidential election, and guess what? The market has not exactly fallen apart. In fact, by mid-month the market completed what we call a “Camelot Phase Correction.” What the heck is a “Camelot Phase Correction?”
Download the full report here: “Camelot Phase Correction“