Taking the last 4 major corrections since 2000 averages for both % decline and length to recover to previous level gives a benchmark to consider relative to the current situation.
- % decline 39.38%
- length of time to recover 1,172 days
So
NYA on average well bottom around 10.8k and recover mid-March 2025
Aligning relatively close to the current 200 EMA while taking about 2 yrs for full recovery.
- % decline 39.38%
- length of time to recover 1,172 days
So
NYA on average well bottom around 10.8k and recover mid-March 2025Aligning relatively close to the current 200 EMA while taking about 2 yrs for full recovery.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.