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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (94634)4/8/2004 8:42:31 PM
From: ajtj99  Read Replies (2) of 209892
 
The so-called "cross of death" tends to happen near the bottom of a correction in a bull move:

stockcharts.com[f,a]daclyyay[d19900408,20040408][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

I used to believe in that stuff, then I started back-testing it, and found all it does is tell you something that happened a long time ago happened, but it doesn't tell you when it's going to end. In fact, prior to the bear in 2000, that cross was a good excuse to get long if you look at that chart I posted going back to 1992.

People have to lose that bear crap if they want to make money in this market the next few months, IMO.
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