Once more unto the breach

Once more unto the breach, dear friends, once more...imitate the action of the tiger: Stiffen the sinews, summon up the blood. Henry V (5.3.44-51)

Following the past four weeks of carnage, the number of Nasdaq stocks trading below its 50-day moving average is at a multi-year low. In recent years such price actions correlated with good long-term entry points.