The effective action describing the long range fluctuations in the high temperature phase of the electroweak standard theory is a strongly coupled SU(2)-Higgs-model in three dimensions. We outline in detail a model in which the spatial correlation scales in this phase are calculated as inverse relativistic bound state masses. Selection rules for these states are derived. The correlation masses are calculated by evaluating the bound state Greens function. The scalar-scalar-potential and its influence on the masses is investigated. The predictions for the correlation masses agree very well with the lattice data available now.