Last post before I go. If the recent market action was not enough to convince people that the bear is back, here is some more factual evidence.
All my indicators reached bear market territory. Here is an important one: 52 week NYSE New Highs - Lows.
Notice the different behavior compared to August 2010, when the sell off in the market was even bigger. Back then, NYHL came after it had made new highs for the bull market and did not go too much below 0. Now, it is coming after big divergences versus the market and has reached well below 0.
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