I'd expect this to be a MUCH deeper pullback than the last...

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Backdraft

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25/10/18

14:06

Post #: 36259195
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Originally posted by kittyboomboom ↑

Originally posted by Backdraft
Multiple 20% drops in Dow from 2009? When? The general consensus is 18-20% drop for bear market, so I must have missed all those bear markets from the 2009 bottom!
Correct sir you missed it!
Top to bottom pullbacks of 20% have happened twice but rebound happened so quick yearlies did not show drop, drops happen much faster than what they used to as do rebounds.
Why you say?
Technology and money flows!
It all happens so much faster!
Monday 29th Jan 2018 Dow traded to 26700, Tuesday 6th of Feb 2018 it trade down to 23100 (15%), Thursday 4th Oct Dow traded to 26950, Fri 12th Oct it traded down to 24900 (7%).
There was a 15% pullback in 2010 a 20% pullback in 2011 two 10% pullbacks in 2012 a 20% pullback in 2015 then another 15% in 2015 aswell.
Hopefully below is a picture of a weekly chart to show you, goes from Feb 2009 to present.

Expand

I'd expect this to be a MUCH deeper pullback than the last couple - likely full blown bear market. You are right about Technology though as money and information flows quickly.

Anyway hope this Bear market won't ravage TRS too much more.

TRS Price at posting: $2.32 Sentiment: None Disclosure: Not Held
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0 Great analysis

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I'd expect this to be a MUCH deeper pullback than the last...

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