is this just a dip or THE BIG ONE?

i'm not trying to suggest anything here.... i have been looking at a lot of historical data and moves and while i was playing with moving averages 9/11 + 08 housing crash stuck out like a sore thumb.... i don't even put a whole lot of weight into moving averages i don't use them all that often but all things considering here.... its not looking "purdy"

i guess best case scenario is we bounce off that blue line... not sure i want to think about a break down further from that line.