Very Steep Declines:
11% in 14 trading days
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Cases where steep decline occurred soon after a top in a bull market.
Bottoms - 4 cases
Bottoms for Bounce to Upper Band - 5 cases
Continued Decline - 7 cases
Date Next Minor Rally --------- Next Bottom ----------
10/4/1929 325.2 10/11/1929 352.7 11/3/1929 198.7 30 days
5/10/1934 93.9 6/18/1934 100.4 7/26/1934 85.4 28 days
9/7/1937 164.4 11/23/1937 115.8 74 day
3/31/1939 131.8 4/11/1938 123.8 11 days
5/14/1940 128.3 6/10/1940 111.8 27 days
9/3/46 178.7 10/9/1946 163.1 36 days
7/13/50 197.5 Bottom.
5/28/62 576.7 5/31/1962 613.4 6/26/1962 535.7 29 days
5/26/70 631.6 Bottom.
11/15/72 874.55 12/5/1972 788.31 21 days
10/31/1978 792.45 11/1/1979 827.79 11/14/1979 785.26 13 days
10/16/1987 2246.74 10/19/1987 1738.74 3 days
8/23/1990 2483.42 8/29/1990 2632.93 10/11/1990 2365.10 49 days
10/27/1997 7161.15 Bottom.
9/10/1998 7615.54 Bottom.
8/8/2011 10809.85 8/10/2011 10719.94 2 days
1/20/2016 15766.74
All Cases
1929-1944
Bottoms - 3 cases
Bottoms for Bounce to Upper Band - 4 cases
Continued Decline - 8 cases
Date Next Minor Rally --------- Next Bottom ----------
10/4/1929 325.2 10/11/1929 352.7 11/3/1929 198.7 30 days
5/5/1930 259.7 5/29/1930 275.7 6/23/1930 211.8 37 days
9/26/1930 213.3 11/10/1930 171.6 45 days
4/28/1931 147.9 5/8/1931 154.4 6/2/1931 121.7 35 days
9/14/1931 121.3 10/5/1931 86.5 21 days
11/25/1931 94.2 1/5/1932 71.2 32 days
3/28/1932 75.1 5/31/1932 44.7 62 days
9/13/1932 65.1 9/21/1932 75.2 10/10/1933 58.5 28 days
11/30/1932 56.4 1/10/1933 64.4 2/27/1933 50.2 87 days
2/27/1933 50.2 Bottom
7/21/1933 90.8 Bottom
10/30/1933 88.4 Bottom
5/10/1934 93.9 6/18/1934 100.4 7/26/1934 85.4 28 days
9/7/1937 164.4 11/23/1937 115.8 74 days
3/25/1938 108.6 3/31/1938 98.9 6 days
3/31/1939 131.8 4/11/1938 123.8 11 days
5/14/1940 128.3 6/10/1940 111.8 27 days
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Post World War II
1945-2016
Bottoms - 4 cases
Bottoms for Bounce to Upper Band - 3 cases
Continued Decline - 8 cases
9/3/46 178.7 10/9/1946 163.1 36 days
7/13/50 197.5 Bottom.
5/28/62 576.7 5/31/1962 613.4 6/26/1962 535.7 29 days
5/26/70 631.6 Bottom.
11/15/72 874.55 12/5/1972 788.31 21 days
8/26/1974 688.13 10/4/1974 584.56 39 days
10/31/1978 792.45 11/1/1979 827.79 11/14/1979 785.26 13 days
10/16/1987 2246.74 10/19/1987 1738.74 3 days
8/23/1990 2483.42 8/29/1990 2632.93 10/11/1990 2365.10 49 days
10/27/1997 7161.15 Bottom.
9/10/1998 7615.54 Bottom.
9/17/2001 8920.70 9/21/2001 8235.81 4 days
7/19/2002 8019.26 7/23/2002 7702.81 4 days
10/8/2008 9258.1 10/10/2008 8451.19 2 days
8/8/2011 10809.85 8/10/2011 10719.94 2 days
1/20/2016 15766.74