Ian Woodward's Investing Blog

Beware the Black Cross Cometh!

The message given today’s debaucle is simple:  Beware the Black Cross Cometh!


With a Phoenix today, the rally is in big jeapordy, unless it is nothing more than game playing by the Big Boys.  Understand I suggested in my last blog that you watch out for Step #3 …the dreaded Head and Shoulders Top! 

The Bulls must step up to the plate tomorrow, otherwise watch out below.  If the 50-dma comes down heavily through the 200-dma on the NYSE, we have a Black Cross, or some call it the Death Cross.  Take your pick.  The other Indexes are not quite there yet, but it could set the mood.

Best Regards, Ian.

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