For a thought...... whats next after steep losses...

1987 - steep losses ( worst), double bottom 1-mth later, then upward consolidation for 7 mth.

2008 - steep losses (worse), fresh low 1-mth later n drift lower, bottoming 4-mth later, then strong bounce

2011 - steep losses (bad), 1987 or 2008 ? Either way, no major upside for the rest of 3Q.