Bears and the S&P 500

We are quickly testing the 2002 low of 768.67.




In 2002, the market took 2 Years and 7 months to reach its low from the previous all-time high. The bottom was tested over an 8 month period with decreasing volume.



Currently, the market has traveled almost the same distance as 2000 - 2002, but in half the time. We are starting to see decreasing volume, but have not yet seen the bounces off the lows like in 2002, at least not on the weekly chart view.



Can see bounces in the daily chart view though.

Charles