The Death Cross Is Back

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Thu, 08/11/2011 - 14:47 | 1551643 BeerGoggles
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ZH way too bearish = buy signal.
Remember the Hindenburg Omen? Say no more.

Thu, 08/11/2011 - 14:57 | 1551675 Tyler Durden
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Yes, we also remember the 5% market drop following the Hindenburg Omen and the QE2 just after that.

We will say no more.

Thu, 08/11/2011 - 15:08 | 1551696 BeerGoggles
BeerGoggles's picture

5% oooh...that would be a normal retrace yeah? Fact is market went up like fuck not long after the Hidenburg omen. As any TA knows, MAs lag and a death cross now is a likely candidate for a huge retrace back up. Also, as it is being reported in the media, it means you should all get long...waaay too many bears in the market.

Thu, 08/11/2011 - 15:13 | 1551719 dwdollar
dwdollar's picture

Your name says it all.

Thu, 08/11/2011 - 15:15 | 1551726 Rick64
Rick64's picture

The point is without QE2 it wouldn't have went up like a rocket, and without QE3 it won't be going up this time.

Thu, 08/11/2011 - 15:32 | 1551757 UGrev
UGrev's picture

winner.. and QE3? *crickets* *blink* *blink*

Thu, 08/11/2011 - 15:52 | 1551796 BeerGoggles
BeerGoggles's picture

Exactly. I'll be sure to bookmark this when we reach double top again and I am up a fuckload.

Market has done nothing but go up for 2 years and this site has done nothing but talk about shorting.

Thu, 08/11/2011 - 15:54 | 1551807 UGrev
UGrev's picture

were you on vacation for the past few days?

Thu, 08/11/2011 - 16:02 | 1551832 TruthInSunshine
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Beergoggles went ultralev long in 1996, ultralev short in 1999, ultralev long in 2003, ultralev short in 2007, ultralev long in 2009, ultra lev short a 10 days ago, and he went ultraleve long again as of 4:59:99 as of yesterday.

Just like RoboTard.

Thu, 08/11/2011 - 16:13 | 1551890 UGrev
UGrev's picture

Can i go on the winnernet and claim 100% success like that too? or would you just say that I was talking shit.. ? lol..

Thu, 08/11/2011 - 16:15 | 1551903 BeerGoggles
BeerGoggles's picture

It's not hard. Gold is in a bull market, you just fucking buy and hold and stocks have been going up for 2 years - it's about the easiest trade around double ETFs the lot. Buy every fucking retrace and buy every time ZH comes out with some TA bull.

Thu, 08/11/2011 - 16:30 | 1551991 Rick64
Rick64's picture

So if you bought and held you are where you were 10 months ago (Dow down 1800 and ES down 200 off their highs). How long before QE3? Will it be enough or effective? It might not be too long before your right back where you started.

Thu, 08/11/2011 - 16:58 | 1552089 malek
malek's picture

LOL - and what made you sell 3 weeks ago? ZH becoming ultra-bullish?

Thu, 08/11/2011 - 15:55 | 1551810 JW n FL
JW n FL's picture

you gotta get long!

Buy B of A!! Hurry man its has already started climbing!

Dont you miss the bottom!

Fuck buy on the way down!! its ok to buy on the way down! buy a lil on the way back up! Pump IT!!

The Market is where the action is! do it!

QE-3 is coming!

Austerity is coming after that!

and fires after that!!

Buy now! make your money and move far away! time is short!

Thu, 08/11/2011 - 16:03 | 1551836 SheepDog-One
SheepDog-One's picture

QE3 when we have +550 DOW up days? Wheres the dire need for that?

Thu, 08/11/2011 - 15:23 | 1551738 TruthInSunshine
TruthInSunshine's picture

Awesome secular bull market...

....for 14 years now, beergoggles!

 BTFD, bro.




Thu, 08/11/2011 - 15:03 | 1551699 bania
bania's picture

nominal values, schnominal values

Thu, 08/11/2011 - 16:04 | 1551813 Oh regional Indian
Oh regional Indian's picture

All I have to say is I told you all so.


And it's not even started yet. We've seen the celebrity pitch....

Game on from August 15th. 

Au-Gusts...  ;-)





Thu, 08/11/2011 - 16:48 | 1552059 johngaltfla
johngaltfla's picture

Put it to music like I did Tyler. It's more fun that way. Besides, most of the major DC's hit the financials months ago....

Thu, 08/11/2011 - 14:48 | 1551648 caerus
caerus's picture

death cross - best name ever

Thu, 08/11/2011 - 14:55 | 1551669 OpenEyes
OpenEyes's picture

Mish's site just referred to Treasuries as "Certificates of Confiscation"   also a pretty good name.

Thu, 08/11/2011 - 14:57 | 1551677 caerus
caerus's picture

"certificates of confiscation" eh?  i like it...i like it a lot...

Thu, 08/11/2011 - 15:19 | 1551734 Mr Lennon Hendrix
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Mish...haven't read him in years.  He is still cutting and pasting?  Good to hear.

Thu, 08/11/2011 - 17:35 | 1552233 citta vritti
citta vritti's picture

back to the future with that one - such was their name in the fifteen years culminating with 1981, not coincidentally also the years of gold’s previous great run. I’d say, here’s to one term democrats (Obama seeming as ineffective as Carter, with the unemployed his Iranian hostages?), but if I remember correctly, the subsequent decades saw interest in gold collapse (some say it was clubbed) as happier faces (remember Yuppies?) replaced inflation-wracked malaise with 2d or 3rd choice Volcker given the greenlight to inflict short term pain for longer term gain. And it worked, until things started getting really happy in 1987 and then-new chairman Greenspan blinked on the October 1987 20% crash and instituted plunge protection in keeping with Wall Street’s best advice. The rest, as they say, is history, but for now I think we should remember that few thought then (1979-1981) that the political will could be mustered to deal with what seemed like intractable problems, yet they were, for a while at least, until new problems were sown, and old ones continued unaddressed or were made worse. Still wavering, not unlike the Dow/S&P these last 6 trading days, between thinking S&P is right and thinking Buffet is (at least about America, fuck yeah!).

Thu, 08/11/2011 - 15:28 | 1551749 Clamdigger
Clamdigger's picture

Christopher Death Cross. That'd be a great metal band name.

Thu, 08/11/2011 - 16:02 | 1551834 caerus
caerus's picture

OMG i wish i had thought of that...

Thu, 08/11/2011 - 16:33 | 1551844 wandstrasse
wandstrasse's picture

more suggestions for sinister TA phenomena:

Termination Coil

Hades Pattern

Lethal Grid

Doom Doji

Grave Candles

Thu, 08/11/2011 - 14:49 | 1551653 Irish66
Irish66's picture

You timing is scary because I was just studying hidenburg omen.

Thu, 08/11/2011 - 15:20 | 1551737 Mr Lennon Hendrix
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I have been thinking about that a lot this week too.  The market keeps getting more strange every year.

Thu, 08/11/2011 - 14:50 | 1551657 caerus
caerus's picture

it's like a wrestling move... as in "uh-oh he's setting him up for a wicked death cross"

Thu, 08/11/2011 - 14:51 | 1551660 yipcarl
yipcarl's picture

good last paragraph.  AMEN TO THAT. 

Thu, 08/11/2011 - 14:53 | 1551663 cossack55
cossack55's picture

August 2th?  Is that like "How do you know the toothbrush was invented in Kentucky?"

Thu, 08/11/2011 - 14:59 | 1551687 Spastica Rex
Spastica Rex's picture

Right before August 3rb.

Thu, 08/11/2011 - 14:54 | 1551667 TradingJoe
TradingJoe's picture

Up?Down Until Really DOWN then "really" UP :))) who cares made several killings this week and turned them all into...yes Physical PMs, price? who cares!

Thu, 08/11/2011 - 14:57 | 1551674 rubearish10
rubearish10's picture

Yeah and if you look at the euro, gbp and aud, you'll see that any uptrend has been quashed or at least within its flag and close to 50dma. So, watch for that big short covering USD rally to drive that death cross or vice versa.

Thu, 08/11/2011 - 14:58 | 1551680 LoneStarHog
LoneStarHog's picture

Tyler...typo...QE2 not QE3

Thu, 08/11/2011 - 14:59 | 1551683 John McCloy
John McCloy's picture

Anyone else from ZH going to the Ron Paul Meetup GOP debate tonight in Nolita Manhattan let me know.

Thu, 08/11/2011 - 15:17 | 1551731 baby_BLYTHE
baby_BLYTHE's picture

If I had "F*ck You" money like most of you do, I would be on the first plane over there now.

Say "hi" to the good doctor for me

Thu, 08/11/2011 - 16:15 | 1551907 vast-dom
vast-dom's picture

would have loved to join you, but not tonight. hope you enjoy!


BTW where in Nolita???

Thu, 08/11/2011 - 17:10 | 1552136 John McCloy
John McCloy's picture

Kenmare and Broome

Thu, 08/11/2011 - 15:01 | 1551693 alien-IQ
alien-IQ's picture

fuckin /ES flying on fumes for volume. I've been seeing 5 point moves up on less than 5000 contracts in a one minute span. ridiculous.

Fri, 08/12/2011 - 12:50 | 1554588 ZeroPower
ZeroPower's picture

Thats exactly it. Book is extremely thin on either side thus allowing big fluctuations either way.

Thu, 08/11/2011 - 15:08 | 1551703 Bobby Lee
Bobby Lee's picture

Scroll that chart back to before you became enamored with simple-minded TA and tell us how many times that scary "death-cross" worked. It works when it works. It doesn't when it doesn't. That's TA in a nutshell.

Thu, 08/11/2011 - 15:15 | 1551724 alien-IQ
alien-IQ's picture

what do you use, if not TA, a Ouija board?

Thu, 08/11/2011 - 15:25 | 1551744 Bobby Lee
Bobby Lee's picture

If it's published, or worse, widely accepted, it doesn't work. Your only hope of finding something that works is to invent it.

Thu, 08/11/2011 - 15:10 | 1551709 What_Me_Worry
What_Me_Worry's picture

WTF did they find this dead cat!

Thu, 08/11/2011 - 16:00 | 1551830 Strider52
Strider52's picture

Bernanks dumped Scruffles out the chopper window at 3 this morning.

Thu, 08/11/2011 - 16:26 | 1551969 Stochdoc
Stochdoc's picture

Light volume until the last 15 minutes....Oh, wait.

Thu, 08/11/2011 - 15:11 | 1551711 monopoly
monopoly's picture

john, let us on the West Coast know how you made out and your thoughts on the debate.

Thu, 08/11/2011 - 15:14 | 1551723 MFL8240
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