Current chart of the Dow you can certainly see a similar "ABC" type rally from the March 2009 low much like occurred in the mid 1970's and way back in the 1915-1917 time period. "A" was a 74% rise while "B" was a 15% pullback which has been followed by a 23% rise so far for "C". Meanwhile a 61.8% Retrace (red line) from the Dow's current high would be around 8500 which would be a 28% correction while a 78.6% Retrace (blue line) would be around 7600 and a 35% correction.
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