The left side of the blue target box is at the number of months the 2000 dot com bubble took to reach swing low. The right side is the number of months the 2008 crisis took to reach swing low. The top of the box is the % drop of the 2000 dot com bust, and the bottom of the box is the % drop of the 2008 crisis. Interestingly, the average of the 2 is almost exactly the .786 retracement from the last swing low after the 2008 crisis and the recent swing high in late 2015. here is my analysis:
2000 correction (dot com bubble) 155.75 to 77.07 : 50.5% drop High of 155.75 at March 2000, low of 77.07 at October 2002 : 32 months
2008 correction (housing bubble) 157.52 to 67.10 : 57.4% drop High of 157.52 at October 2007, low of 67.10 at March 2009 : 18 months
2016 correction (dollar bubble [quantitative easing]) 50.5% drop from 213.78 : 105.82 57.4% drop from 213.78 : 91.07 average: 98.45 High of 213.78 in May 2015 possible time frame to reach low: between November 2016 and January 2018 (32 months)
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