That's the question which is always perplexing a Trader's mind. The Dow Jones Industrial Average has been in free-fall for the past 14 trading days.....and given that the price is still above the 200 day simple moving average, this type of decline has only happened two other times in the last 100 years.........
That means that most of us have NEVER experienced such market conditions in our lifetime.
In my opinion, the fact that the Dow can experience such a historical decline and still be above the 200 day SMA, simply proves how over bought the market was.
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