David Fuller's view I am aware that not every subscriber has the time to listen to our Daily Audio, or at least not every day, but it has long been the most efficient means for detailing our market views.

Briefly, following the Nasdaq 100 Index's failed upside break and downward dynamic on Wednesday 27th July, technical evidence during an ongoing corrective phase has swung rapidly and decisively towards Fullermoney's worst case scenario - a bear market.

We now have completed top formations for most stock market indices - mainly the ranging Type-3 variety as taught at The Chart Seminar - and capitulation selling is very evident. Western bank shares have been weak for months and few recovered from the 2008 blow-out. Government bond prices have soared. Most commodities are also experiencing capitulation selling which spread to three precious metals today although not gold. Crude oil fell more than five dollars.

A number of markets show short-term oversold conditions following persistent selling but it is way too soon to conclude that sustainable lows have been reached.