Carter Worth is the TA guy on CNBC TV. He just showed charts hitting key support levels and bouncing solidly overnight into the close, eg. the Dow swung 1000 points. The overall swing from Jan 26 highs to the overnight low on the S&P 500 has been 11.84% . As he pointed out the other night, the average correction of 5% or more since 1928 has been 12.0%.
