Remember the Death Cross?

In Financial competency on 22/03/2018 at 4:48 am

Since 2009, equity markets have been in cheong mood.

Death crosses became an endangered technical sign.

One was sighted in Germany very recently.

Reminder: A death cross not only involves the 50 Daily Moving Average below the 200 DMA, but it also happens when both moving averages are declining

  1. so maybe the market has peaked and current trend is down; nobody says it can only go up; but the unknown is what would all those people sitting on paper profits do? rationally, they all sell, so we have crash and panic, an irrational result; nobody knows whether we have reached this point

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