Subject: Re: Bearish signal
If today's index level is higher than its level 200 days ago, the 200DMA is rising. If today's index level is lower than its level 200 days ago, the 200DMA is falling. Mathematically.

Elan is exactly right, of course. BearCatcher #3 (or 2), the SMA Slope, is exactly this.
(Some, like me, add a .1% hysteresis band to this to decrease whipsaws).

FC