(Click on image above to enlarge it.)
Here's the S&P weekly chart showing the NMC, NMC2 and NXC Cross Kiss Zero Hits from below that occur on 12/7/07 and 12/21/07 (at price levels in the high 1400's), indicating the likely kick off phase of a new bear market. Additional Zero Hit selling opportunities develop at other counter trend retracement points labeled 2, 3, and 4.
Note also that NST (4th sub-graph below prices) became overbought in May 2008, in a powerful conjunction with the NMC2 Zero Hits labeled pt. 4. As well, note that BTX (5th sub-graph below prices, and the best measure of trend regardless of direction) moved above the BTX trend threshold in July 2008, a month prior to the NMC/NXC Zero Hit labeled pt. 3 that precipitated the stock market collapse of the autumn of 2008.
Now let's go to the S&P daily:
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