Well it does seem we're headed a lot lower. We've been on a straight downhill slide ever since hitting $30. I wonder how many "millionaires" have been taken off the list.
It is a weekly chart and the moving averages are weekly periods. I should have left them off. To replicate the daily use 10 and 40. The conclusion is the stochastics are at a low. The daily is close to making a low. We are within days, i.e 3 to 4 of a major turn. The fast line needs to cross the slow line for a buy signal on either time frame.