ANOTHER SIGNAL?

Looking at this chart, well it shows the same thing that all the other charts are showing, the markets are oversold and due for a bounce. This chart shows that the number of SPX stocks trading over their 50 day SMA is now down to 159, which is down from over 300 just a few days ago. If 60 more issues break down we are right back at the October lows on this indicator. At the rate we are falling, could happen tomorrow.