Corrections in DJI, 10%-14%, since 1945...

     
The faster the decline, the more likely there will be more test:
          Examples 1948 - 12 day decline, 2 more tests needed and then breakdown.  
                            1955 -  12 day decline, no more test...  IKE heart attack...  
                            1978 -  11 day decline, 3 more tests needed and then full recovery 
                            2018 -  9 day decline,  4 tests needed and then 70% recovery.  
             (Each test must be five days apart.)

         None of the declines shown below   were as fast as the February 2020 case shown immediately below. 
         But assuming the size of the   decline, 10%-14% is they key now to predicting what will happen
         and the bottom has been made even though there is no Peerless Buy, the odds of a 50%+ recovery are 13 of 15.
                34% recover  only is ... 1960, 1984,
                50% recovery only is... 1948, 1956(2) 
                68% recover only is... 1971, 1978, 1994, 2015, 2018
                a full recovery is... 1955, 1956(1), 1965, 1979,  1990,  2016

         
DADA.GIF (17614 bytes)

                                                                                 
Nov 1948  quick 50% recovery

A4849.GIF (19050 bytes)
         1955 - Not quite a 10% decline and complete recovery.                                                       
A55.GIF (15507 bytes)
            1956 (1)   Complete Recovery      
   A5556.GIF (16649 bytes)                                                  
    1956 (2)  Only 50% recovery
A56.GIF (17860 bytes)                       
   1960  70% recovery
A5960.GIF (18814 bytes)
   1965 Full Recovery
A65.GIF (15699 bytes)
   1971  H/S, 12% decline, 70% recovery
A71.GIF (15862 bytes)   
      1978  68% recovery
A7879.GIF (18476 bytes)
    1979  Complete Recovery
A7980.GIF (17107 bytes)
  1984  12% decline 34% recovery
A8384.GIF (18718 bytes)
1990  Complete recovery
A8990.GIF (16755 bytes)
1994 68% recovery
A9394.GIF (18203 bytes)
2015 Immediate 68% recovery
A15.GIF (19107 bytes)
  2016 Complete Recovery
A1516.GIF (18737 bytes)

2018  70% recovery
A1718.GIF (16287 bytes)