thursday trading, page-38

9L, there could be another scenario that market will consolidate for a few months.

You should be able to find it out from the past crashes. after 50% drop, market usually tended to be in trading range, or recovery significantly.

In following charts, I presented three typic patterns towards May after Fall Crash:

1929: Recover strongly 45%+ from low;

1937: Intially in trading range until march. And New low in end of March;

1987: Virtually in trading range, and rally strongly after June.