Post by
ZouZS3 on Aug 03, 2022 8:04pm
history repeats itself
1973-1974 bear market (-48%) lasted 630 days. 20002001 bear market (-36.77%) lasted 546 days. Average is 588 days. The Nasdaq peaked in late November 2021 (~255 days ago), and the S&P peaked 3 weeks later. That means we are ~333 days away from the bottom. (588-255)
Comment by
tamaracktop on Aug 03, 2022 8:50pm
Bear markets tend to be short-lived. The average length of a bear market is 289 days, or about 9.6 months. Thats significantly shorter than the average length of a bull market, which is 991 days or 2.7 years.
Comment by
Gann999 on Aug 03, 2022 8:52pm
I think your numbers are a bit off there zou. Market will bottom in a couple months if it hasn't already.
Comment by
ZouZS3 on Aug 03, 2022 10:09pm
You are looking across the valley guys. Nearest ceiling for the SP500 is 4250, today it closed at 4155. Not too far away until it starts pulling back right where it belongs. The nearest floor is 3100. It will get there slowly but surely.
Comment by
ZouZS3 on Aug 05, 2022 11:23am
The start of the pullback Gann.
Comment by
ZouZS3 on Aug 30, 2022 8:29pm
It hit the ceiling, now it's pulling back to support. Sp500's nearest floor is now 2949.63. & new nearest ceiling is 4066.03