I dunno, at about the 3:10 mark Oscar starts talking bout how we've had 6 closes above the 200 day MA, which takes the Bear Flag formation out. But at least one of them (#4) closed below that.
And unlike previous dips the past few months that stopped right at the 200 day, this one had 4 of 6 days which pierced down below the 200 day. Don't see how that trumps a bear flag IMHO.
And markets today have been swinging pretty wildly in both directions, something thats typical in a flag formation.
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Tom
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