last one before i crack a cold one and start the weekend.  200ema on the SPX has clearly defined bull and bear markets.  even worked well for the big corrections with the primary trends.  15 yr chart below (as far as i could go back) zero false signals…yet, if you disregard those few, small flattening out periods.  currently pointing down (bear market) as of august 2nd, 2011.

[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]