Dow Jones Index 2020 Decline Compared to 2018 Declines
Updated
Here's how the stock market declined in 2018 from the peak in January and the peak in October as compared to the current peak.
I also have graphed the levels of support from previous panic selloffs as represented by the pink triangles and lines. Usually those are reference levels for support for the market.
Notice what happened back in late 2018 when the previous support levels were tested in October 2018 and November 2018, then broke and washed out the market into year-end 2018.
CoronaVirus is a powerful force here that is dynamically impacted the market on a moment-to-moment basis. Anything can happen.
I also have graphed the levels of support from previous panic selloffs as represented by the pink triangles and lines. Usually those are reference levels for support for the market.
Notice what happened back in late 2018 when the previous support levels were tested in October 2018 and November 2018, then broke and washed out the market into year-end 2018.
CoronaVirus is a powerful force here that is dynamically impacted the market on a moment-to-moment basis. Anything can happen.
Note
I'll go back and show a chart with the DJIA versus the 2001 9/11 Terrorist Attacks, which seems very similar to how the current coronavirus attack is reverberating around the US and Global economy.Tim 3/10/2020 9:30AM EST
Note
I see I didn't follow up with the commentary from above: Comparing the 2001 9/11 Terrorist Attacks and comparing that to the Coronavirus Attack. Times were busy back then and I obviously got distracted and didn't follow up and make the chart overlay.
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