There are important differences in the nature of the declines. The current series looks like a bear market in the form of 1973-4 whereas 1929-32 was much more precipitous. This may be attributed to the extraordinary actions of the FED and Treasury. However, this may only soften the blow and not the outcome, most likely adjusted for inflation.
The Intraday Volatility matches up nicely so far as we have aligned them Peak to Peak without regard to pricing. It will be in the market action going forward where the model will be assessed here.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception