THE CHART POSTED is that of the Long Term back to 1902 pre FED and Post FED . in each point posted the markets when the 20 month moving avg turned down . The markets confirmed True Bear markets and that the corrections in time were at a Minimum declining of 11 more months And saw the market drop back to the 100 month avg in each time . in the SP 500 THAT IS 2975 ! . Always trust ALL the DATA not cherry picking time !! BEST OF TRADES WAVETIMER