NAS 200 day now. DEATH CROSS 5 hours ago.
50 day MA has crossed the 200 MA on downside with 1 point. Last time this happened was on upside in May 2009. Used by many analysts to define a bear or a bull market. A cross on upside is called a Golden cross which in this case started May 13, 2009. NAS has risen 100 percent until today's Death Cross.
NAS 50 day now. DEATH CROSS 5 hours ago
NAS day since July 2008. There has been two small crosses in the long uptrend. They could bee seen as waves.. If so there are five waves up and the uptrend is over according to many analysts. My own opinion is that this is a strong warning signal for a long bear market and that the 50 day MA must be followed carefully over the next months so we can be sure it is not a "small cross".
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