You DOW the Math

The all time high on the DOW was 14015.

Once it established a downtrend, it sank down to 12796. After a rally, it headed south again, rebounding off 11635 - down 9%.

Then, it established a support at 11732 before putting together another rebound. Once that gave in, the new low was 10828 - 7.7% off the previous support.

Then, without setting a new support level, it rallied a bit and then collapsed all the way down to 7883 - 27.2% off the previous low!!

Then, it set a new support level of 7449 before launching another rally. Considering we're already down 8%, and have taken out crucial support levels from 10 years ago, we're probably looking at a 20% drop from 7449. So 6k it is. Childishly simple.