Carnage begets calamity...

In this post, I said, "First arrives the possible support at the fast-approaching 200-day simple moving average (sma) -- and my forecasted initial decline of ~30%. If this specific sma successfully arrests the price decline for each stock, then the decline could be characterized as a "correction" within a continuing bull market for this group. However, there is nothing in the charts that indicate the 200-day sma will be anything other than a speed bump on the way to lower prices."

The 200-day simple moving average (sma) has proved [to be] nothing more than a speed bump. Let the 'shredding' begin. The sad fact is that most investors remain bullish on the group, based on each company's "cheap PE". And quickly becoming cheaper. This is another reason to understand the dynamism of technical analysis.

Continue to stand aside, if interested in purchasing stocks from this group. Lower share prices loom dead ahead. And for more in-depth comments re this group, follow the links back in time. My next update re this group will be, "... begets crisis", a continuation of this subject header.