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How deep do you foresee the 2018 market correction going?

Cy's official Stockaholics thread archives group.

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How deep will the 2018 market correction end up being?

Poll closed Apr 11, 2018.
  1. -11.00% to -11.99%

    20.0%
  2. -12.00% to -12.99%

    0 vote(s)
    0.0%
  3. -13.00% to -13.99%

    0 vote(s)
    0.0%
  4. -14.00% to -14.99%

    0 vote(s)
    0.0%
  5. -15.00% to -15.99%

    0 vote(s)
    0.0%
  6. -16.00% to -16.99%

    0 vote(s)
    0.0%
  7. -17.00% to -17.99%

    20.0%
  8. -18.00% to -18.99%

    20.0%
  9. -19.00% to -19.99%

    20.0%
  10. -20% or greater (Bear Market)

    20.0%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    This is just a very quick and simple poll here.

    You are simply voting for how deep you believe the 2018 correction will ultimately be.

    Currently the 2018 correction low on a percentage basis on the SPX is -11.84%

    1/26/18 ATHs: 2,872.87
    2/9/18 Low: 2,532.69 (-11.84%)


    Where does Stockaholics ultimately see the 2018 correction low being?

    Here are the pullback/correction levels for the major indices:
    [​IMG]

    This poll will close down in about a week.

    Don't forget to click in your vote on the poll & post your vote on this thread!

    [​IMG]
     
    #1 bigbear0083, Apr 4, 2018
    Last edited: Apr 6, 2018
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    -20% or greater (Bear Market), I am rooting for a bear market now :p
     
    OldFart likes this.
  3. bigbear0083

    bigbear0083 Content Manager
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    i voted on another poll that we wouldn't see the end to the bull market for at least another couple of years so i guess i have to say we won't officially enter bear territory here too.

    i'll go with -19.00% to -19.99%

    it'll be another tease like the 2011 correction but not officially making it into bear market territory is my wag (wild ass guess). :p
     
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    -17.00% to -17.99%

    I think it will touch 2370-ish at some point.
     
  5. OldFart

    OldFart Well-Known Member

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    I had to go deep...not as deep as @stock1234

    -18.00% to -18.99%
     
  6. bigbear0083

    bigbear0083 Content Manager
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    i guess it would help a bit if i also included our market pullback/correction levels table to the first post here as well.

    here are the %/price pullback levels for the major indices.

    2,298.30 would be exactly a -20% correction in the spx.

    [​IMG]
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I'm not sure how deep it will go. If we stay out of trade war, we won't go much lower than SPX 2550. If we get into trade war....we'll see.

    But I'm thinking we don't bottom until August, that is more than 3 months away. Right now we are at SPX 2650, so maybe only a 100 point drop in 3-4 months. Be careful of getting chopped up if that happens, not worth being way bearish nor way bullish right now.
     
  8. bigbear0083

    bigbear0083 Content Manager
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    whelp, the feb. correction has officially ended today with the SPX printing a new high.

    -11.84% was the absolute low of the move.

    we still have another 4 months to the trading year so anything is still possible.

    if the year was to end today @emmett kelly would stand to be the winner of this poll.

    we'll see how the remainder of the year plays out.
     
  9. bigbear0083

    bigbear0083 Content Manager
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    As of right now the SPX correction low in 2018 is -12.16% which was just hit this past Monday. If things stand as they do right now and we don't pullback deeper before 2019, then there will be 0 voters to congratulate in here. Unless we see another -6% dippage from here going into EOY and the SCR. The next correct votes would be -17%. Would need to see the SPX fall to 2440ish.
     

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