"The worrisome setup for these conclusions was a convergence of multiple technical indicators in a way that hasn’t been seen in decadesnot even in 2008. Starting 10 days ago, those same signals intensified, showing that the correction has begun. As the S&P 500 crossed its 200-day moving average for the first time since the last big crash, this crash moved from inevitable to imminent.
"The chart below shows price action in the Dow Jones Industrial Average, which has completely reversed course after a remarkable 1,120 day bull run, and with remarkable speed:
"
More at:
http://www.caseyresearch.com/cdd/the-crash-of-2014-a-special-briefing-for-all-casey-subscribers.
