Evidence of bear market.
Look at Nikkie, Nikkie making new Low after new Low and did not recover from correction.
Look at Dow, Recession pending and worse credit crunch. Financial sector under selling pressure.
On the Technical side: Look at DOW and STI, notice correction within 2month or cycle getting shorter. indication of high volatility or fear which translate to pending correction or bear market coming. worse yet to come. Bull & bear at war to determine direction ->

