by I.M. Vronsky
Market Oracle
A recent insightful and timely article by internationally known analyst Graham Summers galvanized my attention. Graham’s focus was using Weekly Charts to demonstrate the accurate forecasts of Bear Markets in the US. His stock sell signal is based upon the Death Cross definition where the 50-week moving average falls below the 100-week moving average. Summers’s astute analysis speaks for itself:
[…] My analysis below is in total support of Summers’ prophetic thesis that “…this Death Cross formation has only hit TWICE before. Both times were when major bubbles burst and stocks Crashed.”