Equity Markets: Technical Update (11-19-08)

During the neutral range, I was thinking to myself, "there are two options available for the market: 1) we form a long tedious rounded bottom, or 2) we form a very large bear continuation flag. #2 came really quick in the last hour. Over the weekend, I also stated that I had those two conditions that needed to be met. It's Wednesday, so both have expired and have not been met (not by a long shot)...