[pcabc]

Look at the chart of the Dow in early 2008. The 150 day ma had rolled over into bearish territory (like now) but the Dow still managed some huge rallies, one of which actually took it back above the 150 day ma. Bear markets usually last 9 to 18 months. In that previous bear market, I found MACD useful for timing short sale re-entry points. Investors tend to get bullish on these bear market rallies, only to be wiped out by the next plunge.

I thought I'd post the breadth charts for DJI versus NYSE for 2008 and now for comparison. Tempting to just post the last decade as a 3000 pix wide monster but I thought better of it.

Given these are grabs of a large chart the keys are missing, so from top to bottom the graphs are:

1. Dow Jones Industrial Average
   
2. NYSE Cummulative advance/decline line
   
3. Momentum index
   
4. New highs - new lows
   
5. Cummulative new highs - new lows and its 100 day simple moving average.
   

2008:
   

Now (2015):
   

Interestingly now looks like it could match either early 2008, before the big drop or late 2011 where the bull market seemed to have a wobble and resume. At present major indices seem to be climbing back up to their 50 day simple moving averages. I'm just keen that the whole thing picks a direction and does it. Sooner it does that the sooner normal service resumes!