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Wednesday, February 17, 2016 11:16:16 AM
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50ma AND 31ma AND 200ma arRre Now the Resistance!!
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31ma & 50ma arRre BOTH Head'd DOWN!!
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31ma Crossing BELOW the 50ma = Minor Death Cross!
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31ma NOW Head’d to go UNDER the 200ma = YIKES!! = Yep,, another WORSE Minor “Death Cross” Coming!!
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...this will lead to the MAJOR DEATH CROSS of the 50ma going UNDER the 200ma!!
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.00TEENS Coming!!
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…so..sad…
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http://www.investopedia.com/terms/d/deathcross.asp
DEFINITION of 'Death Cross'
A crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level!
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INVESTOPEDIA EXPLAINS 'Death Cross'
As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market!!
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