Dow Jones Ind. Downtrend Replay (2002-05-17 to 2002-07-23)
Replay a brutal 92-day Dow downtrend from April to August 2002, when the index fell 10.3% with a 25.6% peak drawdown. Step through the timeline day by day, confront 4 key decision moments, and receive an AI review of each, all for education.
92 daily bars · 11 decision points · 2002-04 to 2002-08 · Stocks
Key facts
This window spans 129 days with a peak-to-trough drawdown of 25.6% and a 17.5% run-up.
- Max drawdown
- −25.6%
- Max run-up
- +17.5%
- Duration
- 129 days
- Largest single-day move
- +6.3%
- Bars
- 92 Daily bars
- Decision points
- 11
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
In the spring and summer of 2002, the Dow Jones Industrial Average was navigating one of its most punishing stretches since the dot-com collapse. The market had already absorbed the aftermath of excessive valuations and corporate scandals rippling through the economy. For anyone managing capital during this period, the central question was not whether to participate, but how to survive a sustained directional assault on prices while preserving enough dry powder to act when opportunities emerged.
Over the 92 trading days from April 15 to August 22, 2002, the Dow fell from 10093.67 to 9053.64, a decline of 10.3%. The damage ran deeper than the headline number suggests, with a maximum drawdown of 25.6% testing the resolve of even defensive positions. Volatility was a constant companion, with single sessions moving as much as 6.3%, creating sharp intraday traps and overnight gaps that punished hasty decisions. Four critical decision points punctuated this descent, each demanding a recalibration of risk exposure and market assumptions.
This replay trains participants to confront the psychological toll of a prolonged downtrend: the temptation to average down into falling knives, the difficulty of holding discipline when drawdowns exceed expectations, and the timing challenge of when exposure reduction becomes excessive caution. The 11 decision points scattered across this period force learners to articulate their reasoning under pressure, distinguishing between adaptive risk management and reactive fear. Success here is not measured by avoiding losses but by developing a repeatable process that keeps drawdowns within survivable bounds while maintaining the flexibility to act when sentiment finally shifts.