Above is a chart of the stocks that are above their 150 day moving average. When that percentage falls below 65%, this is a very good indicator that things are not good. What makes this chart worse is the fact that the down turn was just confirm on May 11th and is falling. So this train is just getting started. This could last 6 to 8 weeks if not more on average. This chart is only accurate as far as the C-fund goes.
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