I would fully expect the market to bounce early next week after the bloodbath this week. The closer we get to Thanksgiving, the more likely the market will rally. If we don't get another hard leg down before Thanksgiving, I would expect it to happen a week or two after. That should setup the next leg up, if there is another one this year.
Enjoy The Weekend!!!
| 11/9/2007 | Correction | Correction Levels | |||||||||
| Index | 52 WKH | Start | Length | Low | % | 10% | 15% | 20% | 25% | 30% | |
| Dow Jones Industrial Average | 14,198.10 | 10/11/07 | 4.40 | 13,017.30 | -8.32% | 12,778.29 | 12,068.39 | 11,358.48 | 10,648.58 | 9,938.67 | |
| Nasdaq Composite Index | 2,861.51 | 10/31/07 | 1.60 | 2,624.43 | -8.29% | 2,575.36 | 2,432.28 | 2,289.21 | 2,146.13 | 2,003.06 | |
| NYSE Composite Index | 10,387.17 | 10/11/07 | 4.40 | 9,691.46 | -6.70% | 9,348.45 | 8,829.09 | 8,309.74 | 7,790.38 | 7,271.02 | |
| Russell 2000 Stock Index | 856.48 | 10/11/07 | 4.40 | 762.38 | -10.99% | 770.83 | 728.01 | 685.18 | 642.36 | 599.54 | |
| S&P 400 Midcap Index | 926.67 | 10/11/07 | 4.40 | 856.68 | -7.55% | 834.00 | 787.67 | 741.34 | 695.00 | 648.67 | |
| S&P 500 Index | 1,576.09 | 10/11/07 | 4.40 | 1,448.51 | -8.09% | 1,418.48 | 1,339.68 | 1,260.87 | 1,182.07 | 1,103.26 | |
| S&P SmallCap 600 Index | 445.82 | 10/11/07 | 4.40 | 395.80 | -11.22% | 401.24 | 378.95 | 356.66 | 334.37 | 312.07 | |
| 8/29/2007 | Correction | Correction Levels | |||||||||
| Index | 52 WKH | Start | Length | Low | % | 10% | 15% | 20% | 25% | 30% | |
| Dow Jones Industrial Average | 14,021.95 | 07/17/07 | 6.40 | 12,517.94 | -10.73% | 12,619.76 | 11,918.66 | 11,217.56 | 10,516.46 | 9,815.37 | |
| Nasdaq Composite Index | 2,724.74 | 07/19/07 | 6.00 | 2,386.69 | -12.41% | 2,452.27 | 2,316.03 | 2,179.79 | 2,043.56 | 1,907.32 | |
| NYSE Composite Index | 10,238.25 | 07/13/07 | 6.80 | 8,811.55 | -13.93% | 9,214.43 | 8,702.51 | 8,190.60 | 7,678.69 | 7,166.78 | |
| Russell 2000 Stock Index | 856.48 | 07/13/07 | 6.80 | 736.00 | -14.07% | 770.83 | 728.01 | 685.18 | 642.36 | 599.54 | |
| S&P 400 Midcap Index | 926.67 | 07/13/07 | 6.80 | 797.27 | -13.96% | 834.00 | 787.67 | 741.34 | 695.00 | 648.67 | |
| S&P 500 Index | 1,555.90 | 07/16/07 | 6.60 | 1,370.60 | -11.91% | 1,400.31 | 1,322.52 | 1,244.72 | 1,166.93 | 1,089.13 | |
| S&P SmallCap 600 Index | 445.82 | 07/17/07 | 6.40 | 387.48 | -13.09% | 401.24 | 378.95 | 356.66 | 334.37 | 312.07 | |
| 3/21/2007 | Correction | Correction Levels | |||||||||
| Index | 52 WKH | Start | Length | Low | % | 10% | 15% | 20% | 25% | 30% | |
| Dow Jones Industrial Average | 12,795.93 | 02/20/07 | 4.40 | 11,939.61 | -6.69% | 11,516.34 | 10,876.54 | 10,236.74 | 9,596.95 | 8,957.15 | |
| Nasdaq Composite Index | 2,531.42 | 02/22/07 | 4.00 | 2,331.57 | -7.89% | 2,278.28 | 2,151.71 | 2,025.14 | 1,898.57 | 1,771.99 | |
| NYSE Composite Index | 9,463.62 | 02/26/07 | 3.60 | 8,812.37 | -6.88% | 8,517.26 | 8,044.08 | 7,570.90 | 7,097.72 | 6,624.53 | |
| Russell 2000 Stock Index | 830.01 | 02/22/07 | 4.00 | 760.12 | -8.42% | 747.01 | 705.51 | 664.01 | 622.51 | 581.01 | |
| S&P 400 Midcap Index | 870.89 | 02/26/07 | 3.60 | 809.02 | -7.10% | 783.80 | 740.26 | 696.71 | 653.17 | 609.62 | |
| S&P 500 Index | 1,461.57 | 02/22/07 | 4.00 | 1,363.98 | -6.68% | 1,315.41 | 1,242.33 | 1,169.26 | 1,096.18 | 1,023.10 | |
| S&P SmallCap 600 Index | 423.35 | 02/22/07 | 4.00 | 389.75 | -7.94% | 381.02 | 359.85 | 338.68 | 317.51 | 296.35 | |
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