| level the russell 3000 effectively 98 of | 5.04 | Jump to 18.88 |  |  | 
              
                
                  | states is down a mere five percent and | 5.199 | Jump to 23.92 | 
                      
                        
                      
                        PERCENT
                      
                      
                        a mere five percent
                      
                     |  | 
              
                
                  | yet half of all stocks have lost 20 | 4.24 | Jump to 26.72 |  |  | 
              
                
                  | the first is the s p and what we know of | 4.4 | Jump to 33.12 |  |  | 
              
                
                  | at the 45 45 level that's the september | 5.199 | Jump to 53.84 |  |  | 
              
                
                  | there at the 4280 4300 level look at the | 5.439 | Jump to 62.0 |  |  | 
              
                
                  | third chart so i try to put this all in | 4.241 | Jump to 65.439 |  |  | 
              
                
                  | anywhere but let's look at the last two | 3.841 | Jump to 80.799 |  |  | 
              
                
                  | would be a six point eight percent draw | 3.68 | Jump to 87.84 | 
                      
                        
                      
                        PERCENT
                      
                      
                        six point eight percent
                      
                     |  | 
              
                
                  | nine and a half percent now it's | 3.201 | Jump to 96.079 | 
                      
                        
                      
                        DATE
                      
                      
                        nine and a half percent
                      
                     |  | 
              
                
                  | ten percent uh peak to trough the claim | 4.56 | Jump to 99.28 |  |  | 
              
                
                  | and the s p 500 should provide | 3.841 | Jump to 176.879 |  |  | 
              
                
                  | across two things i think are | 2.64 | Jump to 197.28 |  |  | 
              
                
                  | interesting number one sort of the | 3.681 | Jump to 198.319 |  |  | 
              
                
                  | average stock being down 20 i went back | 4.72 | Jump to 199.92 |  |  | 
              
                
                  | and looked to 1980 through today and if | 4.72 | Jump to 202.0 |  |  | 
              
                
                  | you look at 10 to 20 corrections so not | 4.08 | Jump to 204.64 |  |  | 
              
                
                  | falls about 30 for the market bottom so | 4.32 | Jump to 208.72 |  |  | 
              
                
                  | i'm looking to that 4300 level but also | 4.0 | Jump to 216.08 |  |  | 
              
                
                  | bottom in 2020 with discretionary | 4.239 | Jump to 228.56 |  |  | 
              
                
                  | the s p 500 it broke that up trend that | 4.08 | Jump to 245.2 |  |  | 
              
                
                  | morgan also down 11 from its highs here | 5.68 | Jump to 250.959 |  |  | 
              
                
                  | best setup for 2022 when you consider | 4.64 | Jump to 275.6 |  |  | 
              
                
                  | to come in that's my take okay those two | 3.76 | Jump to 283.04 |  |  | 
              
                
                  | 3000 is only 5 off the peak then maybe a | 4.161 | Jump to 307.199 |  |  | 
              
                
                  | tested down to 100 day a couple times in | 4.799 | Jump to 332.24 |  |  | 
              
                
                  | downside of the hundred day we only did | 4.16 | Jump to 337.039 |  |  | 
              
                
                  | 100 day it's amazing that we have not um | 4.401 | Jump to 349.919 |  |  |