Replies to post #79535 on ajtj99's Market Pulse

[ajtj99]

The range of this drop compared with the 2002 drop is about 1/6th of that, so divide that by 6 and you get 1295 SPX. Maybe we get 1303 SPX maximum.

The 2002 rally was a 50% re-trace of the drop. This would be a .618 or .786 re-trace.