schreef:
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This just happened last year before the market took off. Just a little research would help CNBC
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"The indicator is a warning that investors in large-cap equities should begin exiting from the market"
TALK ABOUT SELF-FULFILLING PROPHECY...
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Typically, the death cross occurs at the bottom of a correction.
From the article:
"David Krein, senior director, product development and analytics of Dow Jones Indexes, says that this condition has occurred once or twice a year over the past decade, sometimes more, sometimes not at all. With regard to large-cap equities, the "Dead Cross" means that a downward trend in the market has begun or is about to begin."
Hmmm, 'once or twice a year'?
Logically, if the death cross occurs twice in one year then the index must have RISEN after the first crossing.
Furthermore, in order for a subsequent year to have a death cross the market must have RISEN after the previous year's death cross.
Finally, death crosses have historically been buy signals.