Golden Cross

good post, JTH. so happens I was looking around for the SP-600 symbol today, hadn't looked long enough yet, you did the job for me, thanks!
 
The Transports flipped over on the 15 minute chart however, the previous two times this happened, it was short-lived and the beginning of the next leg up.

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makes sense. I've noticed that when the 20-day EMA moves below the 50-day EMA, it is a good short-term oversold buy indicator in a bull market.
 
Positive price action tomorrow could flip the 15 minute Golden Cross Top 4 to a buy. However, when using momentum based systems, it's always a good idea to look for other forms of confirmation, such as Fibonacci retracement levels.

On this last down wave, the Transports have been rejected twice just short of 4,880.
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The NASDAQ, S&P 500 & S&P 600 have closed with less than a 50% replacement.
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And the bond market is 10 times larger than the equity market - the run has already started and could last several years. I'm buying all the stock I can get access to because they're only going to be more expensive tomorrow.
 
And the bond market is 10 times larger than the equity market - the run has already started and could last several years. I'm buying all the stock I can get access to because they're only going to be more expensive tomorrow.

Will Rodgers used to say " The best time to buy stocks was last year ", he was a pretty slick OL' Cowpoke too.
 
And the bond market is 10 times larger than the equity market - the run has already started and could last several years. I'm buying all the stock I can get access to because they're only going to be more expensive tomorrow.
Wow, Old PermaBull entry...

Welcome to the first 50/200 Bearish Death Cross of 2011. The last Deathcross in 2010 turned out to be a buying opportunity, let's see how this one works out.
It looks like the one in 2008 wasn't... the data doesn't seem to be on stockcharts.com
 
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