i do not think so. look at the MACD then and now. 2011 was divergence...a willingness to buy the dip. Current MACD is not diverting...its getting worse, which confirms the bears are in control more this time around. 9/28/15
Update on this analog. August, 2001: From the time the weekly candle pierced down below the 30 period moving average, it was 2 months until bottom and then a steady march up. If the time same is applied to August 2015, I'm looking for a bottom around mid-October. Just a guess based on time and similar pattern. 10/1/15