I would look at it per the Dow instead of the SPX since you can
go back to the 20's. The 50 crossed the 200 in late 1932 and
then declined 50%. Currently the 50 is not close to crossing
the 200 MA on the Dow. And even on the SPX, it's close, but I
would not count a minor cross as a buy signal. This is a bear
market rally, everything fits that.
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I would look at it
End of Bear- GOLDEN CROSS
Posted by matt on 23rd of Jun 2009 at 10:44 am
I would look at it per the Dow instead of the SPX since you can go back to the 20's. The 50 crossed the 200 in late 1932 and then declined 50%. Currently the 50 is not close to crossing the 200 MA on the Dow. And even on the SPX, it's close, but I would not count a minor cross as a buy signal. This is a bear market rally, everything fits that.