here are the 100 day and 200 day moving averages. this cross is different from those back in 2004-2007 because the direction of averages at the time of the cross is down, not up. the 50/200 cross i warned earlier was shit as the averages were pointing up. here, however, the 200 is flat/ rolling over. while moving averages aren’t my favorite, this does have more validity than any before. throw in massive looming head and shoulders, bearish elliot wave counts, and every technical trader is in cash or short. good luck, longs.
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LOL death cross
http://www.thereformedbroker.com/2010/08/09/dynamic-hedge-dont-believe-the-hype/
it is apparent that you cannot read.
It is guys like Mids that make me so happy, because he will not believe what is about to happen, so will keep buying the dips, when so many others will be selling. He’ll have to bail out when the SPX hits maybe 900, adding more juice to the declines.
Oh, the poor bulls, they never learn,and they must never read any economic data either.
Another painful lesson awaits them all over the next few months.
Get short, or get slaughtered.