Taking the last 4 major corrections since 2000 averages for both % decline and length to recover to previous level gives a benchmark to consider relative to the current situation.
- % decline 39.38% - length of time to recover 1,172 days
So NYA on average well bottom around 10.8k and recover mid-March 2025
Aligning relatively close to the current 200 EMA while taking about 2 yrs for full recovery.
@DaddySawbucks, yeah, that's what the average represents... if you take out the rapid pandemic recovery, weight the others based on fed interventions, it could be substantively longer. Too many variables to predict, so the benchmark serves as a decent reference point for now.