We’re finally seeing a sell off on the JSE, but how bad is it?

From the all time closing high of 47,080 on 4 July the Top40 is off 9% to close 8 October (a pull back in my book). Year to date we’re still up 3.3%. So in short, not bad at all and I would still like some more downside to maybe 40,000 on the Top40. That would mean down about 3.5% for the year and off 15% from the high of July.