Thursday, July 31, 2014
As I write this all three are below their 50 day moving averages (green lines, red arrows). Assuming they stay below them for the next couple of days I think this means that the Dow and the S&P are headed for their 200 day moving averages (red lines and green arrows) and quite possibly below them.
This "sell signal" from the 50 day moving averages should be taken seriously. The bull market in the US stock market has lasted more than 5 years from its inception in March of 2009. This is an unusually long bull run and Lindsay's 15 year period and extended advance measurements underline this fact.