New TA/Charting, page-8379

OH OH, the dreaded 50 / 200 death cross is looking imminent - nothing to like about this chart unfortunately.

What Does the Death Cross Tell You?
The death cross only tells you that price action has deteriorated over a period of time, e.g. call it an ABC Expanding Flat, a correction in SP or a wave IV down. This is what we have been talking about for month now. So no wonder that the crossing of the 50 and the 200 EMA the "dreaded" death cross is looking imminent.
Is there any justification to the death cross name?
Well the death cross preceded all the severe bear markets of the past century, including 1929, 1938, 1974, and 2008, however cherry picking those bear-market years ignores the many more numerous occasions when the death cross signaled nothing worse than a market correction. The thing is that the track record of the death cross as a precursor of market gains is impressive over shorter time frames, because recent surveys of returns following a death cross have found a positive correlation with out performance and its historical track record makes clear the death cross is more of a coincident indicator of market weakness rather than a leading one.

To illustrate the above here the most recent Example of a Death Cross in LTR:

What is there not to like as it was the start of a most impressive uptrend?