The 50 dma didnt even go through the 200 dma yet which happened during every bear market BEFORE a bottom was made. This so called “ death cross “ didnt happen on any of the indices yet. Just something to think about.
dma's have nothing to do with nothing... it's just an average price of the past x number of days.... so what... it's low resolution thinking just staring at some stupid line on the chart. need to think deeper, what does something means. and a nothing cross another nothing is certainly a nothing.
we dunno. we don't need lots of people thinking its true so it becomes the case. it may be that it is useful for deeper reasons. deep being the key point. like does it matter if the balance on your credit card exedes 80% of the overdraft on your current account. it sounds arbitrary but it may be useful for so called credit rating agencies
check out how personal credit rating agencies work. they are best described as clinical beaurocratic agents of oversight
%% OK+ that has called a lot of deeper moves/bear trends .BUT it did cross in MAR, 2019= on SDOW+ SDOW is still above 200dma...……………………………. And while SDOW is not a liquidity leader like SPY, its liquid enough.
So the last time the SPX 50 MA crossed down over the 200 in 2018 it was already down 10.81%. Talk about lagggging. It then dropped another 10.54% into the bottom. Meaningless sguiggles are all they are.
%% OK; looks like they paying more+ paying more attention to the 200dma. NOT a prediction.............................................................................................
Again, every bear market had the 50 dma cross below the 200 dma before there was a bottom. It did it in december of 2018 as well. It can cross and still have the market drop more but the bottom is much closer when it happens, thats all im saying.
%% OK [-20% drop/downtrend] is a good bear measure also. You may remember NYH, + I do also, 2009 had 2 good downtrend months, JAN,FEB/2009, then strong bull market uptrend...…………………………………………………………………………………………………………………...