this is a multidecade, a multiten, 12 years in the making. and we have all the elements of a top. and what started happening is we've been on trend for quite some time now for. basically you're starting to see a struggling of trend. a series of lower highs. and i want to put this in the perspective with the smoothing mechanism, which is the next chart. and it shows basically what happens. when you're okay, you don't break trend. and then we did for the first time a couple of months ago. and now we fought back to the declining and now flat average. not a good position to be in. take a look at the same perspective over the last five years. which picks up even more of the trend. and again, if you're intact, you actually come down the line, kiss it, kiss it, kiss it. you don't violate it. when you start to violate it starts to be the beginning usually of the end. and to us this looks like a pretty important move to the downside. and this week as just articulated, it was the worst one-day sell-off in a couple of years. not good. >> we had the month high and the month low in the same da