A down trending market is not the same as a range bound market or a bull market.The loss of the 200 day moving average and it not being retaken by the close is a big red flag for the potential beginning of a bear market. Bear markets do not have defined supports they can fall day after day in a downtrend not finding buyers for several days in a row. However you can’t just go take a huge short position either because the majority of down trends start out very choppy with not only bottom fishers and knife catchers stepping in to buy on plunge days but rumors causing face ripping rallies out of nowhere. This time around ... (full story)