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OMINOUS: Dow death cross is a bearish omen for the stock market
08-12-2015, 09:38 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
Two of the previous three death crosses have produced sharp losses
A rare “death cross” appeared Tuesday in the chart of the Dow Jones Industrial Average, suggesting the stock market may have already begun a new long-term downtrend.

Although chart watchers have seen the bearish technical pattern coming for some time, it can still send a chill down bulls’ spines when it is finally confirmed.

The fact that the Dow industrials’ DJIA, -0.69% death cross follows the appearance of one in its sister index, the Dow Jones Transportation Average DJT, -1.04% , warns that this one is more than a one-off event.

Read more: marketwatch.com

Also worth a read : Global stocks sold off sharply Wednesday after China's currency declined for a second day, sending fear through investors.

Fall is almost upon us I believe I saw a flock of black swans flying south today. coffeetime.gif


08-14-2015, 02:11 AM #2
Shadow Incognito Anonymous
Oil Flash Crashes To Gundlach's Geopolitically "Terrifying Levels"

And gasoline went up 15 cents a litre today :gah:
08-14-2015, 04:11 AM #3
SpiritMasonChazz Member
Posts:925 Threads:101 Joined:Jun 2014
Just think we could have a Utopia of good living standards if this ponzy didgit game was actually ligitmite in fair market pricing. 30 dollars a barrel should cut pump prices in half. But they need to suck at such unbelievable capacities of our labor income and debt. They are whores with no end these dimise inflected parasites must be stopped or we will dry up.
08-14-2015, 09:53 AM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
*ahem* We basically have dried up, the transfer of wealth is just about done, there's not much left to transfer.




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