[B]1929-1933 DJIA Bear Market
Daily Bars[/B]
The initial bear leg of the bear market that began in 1929 ended following a 49% decline. The bear market rally that followed ended 53% from the low (61.8% retracement of the preceding decline) and at the 200 day SMA. This got me thinking about today’s bear market(s). The following table details how far the major indexes fell from their 2007 highs, how far the indexes have rebounded (at today’s close), and how far the indexes are from their 200 day SMAs and 61.8% retracements. Keep these levels in mind as the bear market rally progresses. Also, each indexes’ initial bear leg (except for the FTSE 100, which was 49%) was greater than that of the bear market that began in 1929 (which was 49%).
