Schaeffer's site (URL below) is pointing out another bad piece of evidence pointing to a bear market. It looks like whenever the indices pierce the really long term averages, the averages begin working as a ceiling rather than support, forcing the index ever lower until everyone capitulates.
I could be wrong, but I still think it smells like March 2000 from here. I got stopped out at the top, but lost a lot in the slow grind of trying to catch the falling knife all the way to the bottom.
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