I have a feeling this "death" cross will be short lived. It will cross backup once we're above 1150 on a sustained upward, shallow back filling moves. The bulls want the bears ass once the bear has finished shitting in his pants.
And more than 50% of the time the trend resumes and the two MAs eventually cross back over. And other times there's only a modest drop to new lows before the trend resumes. See 2006, 2004, 1998, 1994, 1990, etc. However, the bear trend "bias" is certainly still intact for now. Death cross + S&P 500 below 200 MA, 50 MA and 1100 (critical round number level) etc.
everything is wonderful . CSX revenue is up never mind it's still 50% below 2007 level and that AA revenue up on cost cutting and projections are for slower growth. never mind rome is burning around us everything is still ok . bp