Are we no longer in a bearish trend?

Quote from MoneyGod:

Did today's Gap up, break the bearish trend? or do you think its a false breakout?
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God, kindly consult the Devil. A DEATH cross has already occurred on June 29th.
 
Quote from deadbroke:
....God....the Devil.......DEATH cross......
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Try not to be an atheist nor an agnostic when moving average crossovers occur. :eek:
 
Quote from volente_00:

It's mean the 50 day has crossed down over the 200 day


This is bearish long term for trend
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I have a feeling this "death" cross will be short lived. It will cross backup once we're above 1150 on a sustained upward, shallow back filling moves. The bulls want the bears ass once the bear has finished shitting in his pants.
 
Quote from volente_00:

It's mean the 50 day has crossed down over the 200 day


This is bearish long term for trend
More...

And more than 50% of the time the trend resumes and the two MAs eventually cross back over. And other times there's only a modest drop to new lows before the trend resumes. See 2006, 2004, 1998, 1994, 1990, etc.

However, the bear trend "bias" is certainly still intact for now. Death cross + S&P 500 below 200 MA, 50 MA and 1100 (critical round number level) etc.
 
everything is wonderful . CSX revenue is up never mind it's still 50% below 2007 level and that AA revenue up on cost cutting and projections are for slower growth. never mind rome is burning around us everything is still ok .:confused:

bp
 
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