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Sunday, May 04, 2008

Correction Update for Bob Brinker Fan Club

For the S&P500, the correction from intraday high to intraday low was 20.2% and we are currently 10.3% off the peak. Details below for the S&P500, DJIA and NASDAQ markets for intraday and closing numbers.

What did you do in the correction? Did you take profits when the markets were near all time highs so you could buy on the recent market weakness?

We did and we recently bought SPY at $130.61. See:

Correction Statistics for 05/04/08

S&P 500 Chart (Using Intraday prices):

  • Last Market High 10/11/07 at 1,576.09
  • Last Market low 03/17/08 at 1,256.98
  • Current S&P500 Price 1,413.90
  • Decline in Pts 162.19
  • Decline in % 10.3%
  • Max Decline 20.2%

This means the correction from intraday high to intraday low is 20.2% and we are currently 10.3% off the peak.

The decline from the high to the low on a closing basis is 18.6%
.
DJIA Chart (Using Intraday prices):

  • Last Market High 10/11/07 at 14,279.96
    Last Market Low 01/22/08 at 11,508.74
    Current DJIA Price 13,058.20
    Decline in Pts 1221.76
    Decline in % 8.6%
    Max Decline 19.4%

This means the correction from high to low has been 19.4% and we are currently 8.6% off the peak.

The decline off the high on a closing basis has been 17.1%

NASDAQ Chart (Using Intraday prices):

  • Last Market High 10/31/07 at 2,861.51
    Last Market Low 03/17/08 at 2,155.42
    Current NASDAQ Price 2,476.99
    Decline in Pts 384.52
    Decline in % 13.4%
    Max Decline 24.7%

This means the correction from high to low has been 24.7% and we are currently 13.4% off the peak.

The decline off the high on a closing basis has been 24.1%

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