the recent decline from the October 2007 market top.
We are at key support.
The next step could be a big one.
We just noticed this evening that the current measuring objective of the active chart formation,
the big Head and Shoulders top, is 1182 which is roughly a 25% decline from the October 2007 top.
So we have an intermediate target if this chart comparison is to continue successfully.
The bear market decline of 2000-2003 ended up down roughly 47% from the top.
That would be about 836 on today's charts, for those
at home who are keeping score.
What Happened in the Last Recession and Bear Market?
Yippee ki-yay....
