xjo princess diaries wednesday, page-14

For the first time in many decades the SP 500 on a monthly chart is approaching a death cross. The 50 month moving average is about to dip below the 200month moving average. Japan had a monthly death cross back in 1988. That signaled the start of a major long term move down.

I believe that the US market is on its last legs. Stimulus is the only thing that will hold it up a little while longer, but it is also apparant that the more times they stimuate the market the lesser the effect. If you look at the up trend during QE2 it was a smaller uptrend than QE1.