Seems like a lot of panic over such a relatively small decline

LanceJ said:
Somewhere between 33% and 66% pullback in the Dow 30, Transportation confirmation, Trend continuation?
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Recalling off the top of my head... Prector is calling the upmove as the "Grand Super Cycle" high. Minimum expected decline = "prior 4th wave of lesser degree". IOW, retesting the 2009 lows at a MINIMUM. Factor THAT into your "Trend Continuation". We'll see. (Beyond my pay grade to make such a forecast. Just spit-ballin' it for consideration.)
 
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