[malaguti]

This weeks moves in US stock market indexes and individual stocks confirmed what the market breadth indicators have been warning over the last month. However, the pullback has been much sharper than anyone could have predicted and so it looks like we've put in at least a medium term top imo, and not just a short term top, as there was a huge amount of technical damage done to the stock market indexes and individual stock charts, with almost half of the market having a breakdown of some kind this week. With stocks moving from Stage 2 straight into Stage 4. As many had closes well below their 30 week and 200 day MAs, and wiped out around half a years worth of gains or more.

Hi ISA, at what point would you have said, the move from stage 2 to 4 would be
would you say it was a certain percentage below the 30sma/200 day? if so, what percentage would you give..
i ask only in that its a good barometer for potentially automating this scenario and being able to quantify this measure would be extremely useful
on the daily, its pretty clear we could say it was at 284, there was a momentary pull back to the 200 and then dropped
on the weekly, its not so obvious. possibly at 302 where the last major support was broken and being again x percent below the 30
maybe even the fact that it  took out x number of weeks, would that have been a measure

welcome your thought process, even if there isnt necessarily a definitive answer