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RE: WEAK DEATH Dollar (DXY) and WEAK equities bounce.
I didn't know what a Death Cross was, so I looked it up:
http://www.investopedia.com/terms/d/deathcross.asp
The link has a video explaining it as well as more info.
"What is a 'Death Cross'
A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level. It is so named due to the shape created when charting the activity and its association with a downward market trend. As long-term indicators carry more weight, this trend indicates a bear market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new resistance level in the rising market."
The DXY is a huge HEAD AND SHOULDERS formation with projection to about 95 according to my pattern rules.
this should be good news for metals, but we've heard about that so often, I will believe it when i see it
Right on!