Evidence Says Imminent Bear Market Not Likely - Seeking Alpha
Here is another great article by Chris Ciovacco about how we are not in danger of a bear market currently. He presented excellent charts from 2000 and 2007 which showed what real danger signs look like. When the 200 day line has turned flat, and the 50 day line falls below it, that is the time to get out of stocks. It is also known as the "death cross" in technical analysis. Chris also pointed out that the economy is doing fine as well, and I agree that we don't have any bad economic indicators right now. Finally, Chris noted that it will take months for the averages to roll over, and we will have plenty of time to get out during that period.
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