The record decline for SPX Weekly Phase 1 in a Bull market is 11.91%, it dropped 185.3 points over 3 weeks, the Phase 1 lasted 7 weeks, the next Phase 2 lasted 7 weeks and gained 205.49 points. That was during the period Aug to Oct 2007
For the period Jan 25 to May 7, 2010, The Weekly Phase 1 during a Bull market, declined 9.21% and a drop of 105.95 points over 2 weeks, the Phase 1 lasted 3 weeks, the next Phase 2 lasted 12 weeks and gained 175.3 points.
The current Weekly Phase 1, which is in a Bull market, has declined 8.26% and dropped 117.5 points and is currently in it's 2nd week.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."