The major indices are merely held up by the last few mega-cap stocks like Apple (which we learned today gets 85% of its profits from the iPhoney NSA location tracking device).
Therefore, the next leg down will be the "unforeseen" crash:
NYSE Composite with percent of stocks above 200 Day Moving Average. We haven't seen this since right at the last peak in 2007:
Nasdaq 5000 and bust:
New 52 week highs
The True Dow
52 week range of the average Dow stock (correlation bottom pane):
