Wednesday, March 10, 2010 12:12:50 PM
Death crosses on the major indices are lurking
This might be far-fetched but IF the indices got a pull back we could see a golden cross on the VIX within a couple months and a death cross on the $SPX, $COMPQ, $INDU within 3-6 (pun intended) months. This obviously sounds crazy to say now, but never know what can happen in the upcoming months.
200MA rising very nicely....50MA flat and could head down on a pullback within a matter of 1-2 weeks......The 50MA goes back to about mid-January so there are some low calculations that will continue to weigh the 50 down....still have about 15 days until the 9900 (Feb 4) calculation on the Dow falls off
This might be far-fetched but IF the indices got a pull back we could see a golden cross on the VIX within a couple months and a death cross on the $SPX, $COMPQ, $INDU within 3-6 (pun intended) months. This obviously sounds crazy to say now, but never know what can happen in the upcoming months.
200MA rising very nicely....50MA flat and could head down on a pullback within a matter of 1-2 weeks......The 50MA goes back to about mid-January so there are some low calculations that will continue to weigh the 50 down....still have about 15 days until the 9900 (Feb 4) calculation on the Dow falls off
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