Got lines?

This bottom is much like the one in April/May 2005 and many before it. I won't even get into sentiment which is hard to talk about without insulting your best sources.

Falling below everyone's favorite 200 day moving average and my favorite range bisects (thick blue lines) is typical, with repetitive spiky  moves. If this one wants to replicate April and May exactly, it will rally some more and fall to a secondary low above the bisect line about November 8 when I have a major  timeline. But it needn't do that.

I hope to have time in the next few days to present some evidence  that we may track the 1935 to 1937 market move. In general I don't  like pattern repetition  games very much, but the current mood and economy  mirror that period as well, so it's worth a look.