Alphabet Inc (GOOG)

[JJ8]

Stockrookiehere, could you explain more about the Death Cross? How about the most recent one in August 2011? What happened then? You seem serious about it.

What's your response to this:

"The “Death Cross” Is Not So Deadly: The “death cross” formation historically has resulted in a 0.4% drop in the S&P the month after, but the market traditionally gains nearly 5% in the ensuing six months, according to a Wall Street Journal report Thursday. A 5% gain in six months is hardly “deadly”. We agree a “death cross” is not a good thing, and it does indicate a weakening market. However, all technical systems need to be viewed in the light of how the market performed after a signal occurred. A “death cross” is concerning and should be respected, but it does not mean the end of civilization as we know it."

Hmm... "... it does not mean the end of civilization as we know it."

Cheers and GLTU