Dow Index Daily Chart: Hunt For The Death Cross Continues!

If you want to see trillions go up in smoke then just what what happens after the DOW slice through the 200-day MA.  This 50-day, 200-day MA fits into my wave counting style extremely well as the Death Cross (DC) is a powerfull signal that shit is going to hit the fan. All those camplacant stock bulls  have an ugly trip ahead of them because the bears are coming to shred every bull they can catch.  A big bear in a pit of bulls, who do think will win? All the bear has to do is growl like crazy and you will see the stock bulls flee like a bunch of scared rabbits.  All it takes is one bull group to bolt for the exits and you have an instant mini crash.

If there is one warning I can give in all the time I’ve been wave counting,  you don’t want to be bullish in front of a potential Death Cross to come.  We need a very small down plunge and the Death Cross is history.  All that funny money they base their world on will come crashing down. Are you having fun yet, because for the short seller he will have a field day as he rides down the next leg of a bear market.

There is no support for anything in a Cycle degree crash, so let it fall. A world built on phony money and extreme debt does not get cleaned up with a simple correction it could take three years before the final bottom.  Besides, maybe in the fall President Trump will order the trade wars over and and scream. “No More Taxes”  The stock markets would turn and soar for huge gains.

In this crazy world anything is possible, but nothing will stop a decline once it starts rolling down hill.  Gold has already had it’s daily chart Death Cross so everything is going to take a big hit in asset prices.  I have only been using the 50-day 200-day MA a few months but it all depends how you use it that is more important.  Needless to say it fits very well with Cycle degree wave counting, and I incorporated it into the Cycle degree wave counting method.  The next many weeks is going to be critical as we should witness the DOW slow down and refuse to go higher.

 

 

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