Big Picture Outlook

Speaking of the Telechart T2108 indicator...
The T2108 indicator shows the percentage of stocks above their 40 day moving average. When it is below 20% it tends to mark big picture buying opportunities. Take a look at the plot above. The red lines indicate when the T2108 was less than 20%. These times have mostly been good times to buy for the long term. There have been exceptions, such as in late 2001 when the market continued to drop substantially for another year. So as always, caution and reasonable expectations are advised.