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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: chartseer who wrote (23490)8/11/2011 9:10:13 PM
From: mazel-tov  Read Replies (1) | Respond to of 219475
 
I believe the 50 dma crossing below the 200 dma is referred to as the "death cross" and is an indicator of the commencement of a bear market. This cross-over seems likely in the next day or two. The last time this occurred in 2010, there was a lot of media attention but it turned out to be a non-event.

On its own it has limited value but given that we have a Dow Theory sell signal and the Fed announcing that interest rates will be keep very low for the next two years signifying a weak economy, perhaps it needs to be given some weight. Combine this with the Eurozone problems, etc and it warrants caution.

JMHO



To: chartseer who wrote (23490)8/12/2011 12:34:31 AM
From: Gary105  Read Replies (1) | Respond to of 219475
 
Yikes. The cross of death!