Will the infamous “death cross” stick?

I remember back to around this time last year when we had the death cross where the 50 day SMA had crossed down through the 200 day SMA and everyone was talking about it.  It was almost too easy to go short.  Everyone is a technical analyst now just like 2009 when we had the “head and shoulders” in June and everyone got short.  Both times they burned the shorts worse than an arsonist to an underwater home.  The question is, will it happen again? No one knows if the FED will save the day again or let em’ go now that all the insiders are safely in gold and bonds.  Time will tell.  Sure feels pretty ugly out there but I was wrong twice.  Will short into bounces until further notice.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s