HotStockMarket › Groups › Bigbear83's SPX and Market Analysis Group › Discussions › death cross imminent on spx?

death cross imminent on spx?

post #1 of 4
Thread Starter 

an interesting observation was made this morning on one of the threads here that pointed out a death cross was nearing on the spx 20-year monthly chart, so i had to take a look for myself to see if it was correct... for those that are relatively new and do not know what the meaning of "death cross" is, it's basically when the 50 day crosses below the 200 day moving average. this is an extremely bearish formation. to see this on the big 20yr monthly chart is pretty dang amazing and can be very impressive. i can't go much farther out than 20 years on tos, but apparently this hasn't happend since the 70's. pretty interesting stuff if you ask me. you folks know how i have been harping on the possibility of a meltdown here pretty soon (as soon as this year in fact), so this is just another thing that bodes in my favor. is 2012 the year this nonsense fluff finally all falls apart? stay tuned to find out. tongue.gif

 

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post #2 of 4

Thats one big time frame you have there!

 

Any particular reason you chose the 20yr time frame?

post #3 of 4
Thread Starter 

lol. ya just wanted to see if i could find the last time we had a crossover on the larger time frame. unfortunately this doesn't show it. but i think someone posted the chart on the chat and it shows the last time this occured was in the 1978-79 time period. wow that's a long time. just found it interesting how those two are coming awfully close to meeting and we're supposedly in the year when the world ends. coincidence? i really think some crazy $hit is about to happen this year, just not sure of the month. but the catalysts are certainly out there...europe, iran, elections, myans...lol. get ready for them fireworks. this fluff is waaaaaay long in the tooth. this market has no business being up here imho.

post #4 of 4

Well, as you said there are plenty of reasons for the market to be lower, we just have to let it rise until buyers run out.

HotStockMarket › Groups › Bigbear83's SPX and Market Analysis Group › Discussions › death cross imminent on spx?