Is this move down a repeat of July? Detailed chart comparison

Of course the market can turn higher, but I remain bearish for many reasons in addition to this chart.

But I've been hearing many analysts comparing the recent downturn in February to the one in July, as they advocate a rally to follow.

However, I view this as "different". Yes, we often think the current one is different, but note the attached chart below.

In short: More # of days under 50 MA now, the 20/50 MA cross this time.

For all corrections: prices decline or sideways at best when MACD hist peaks, lower RSI low, a lower RSI high.

I've included the July, November, and February moves under the 50 MA in the chart and compared them.

There are text notes in the chart, double click on it to see it in the full large size.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".