re: This appears to be more of a reckoning than a correction...my goodness,

quote:

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The DJIA seems to have followed a consistent curve for over 40 years.

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The Dow average has a built in upward bias because they kick out the poor performers and replace with rising stars.

This pullback may erode over time or blow thru 12500 quickly in the way to the 9000's but it will recover. Just questions of time & price.

Time and price are two separate, difficult to predict, forces. But both are important.