A downtrend is a downtrend, those that haven't heeded the markets warning (myself included) are paying for it with a paper loss beside their TRA holding.
KW's rule is golden if you want to protect profits and prevent yourself looking for 'bargain' stocks at the dog pound.
Red flags flying on this pup after those results, I now understand the reason for the sharp sell down last week (must be a leak or two in the Turners auction rooms)