Did you take that 2nd chance to get out of stocks?

Notice when both the Golden Cross and Death Cross occurs, the market tends to revert towards that level, even if briefly, before resuming the trend.

From the Golden Cross in the ES (S&P 500 mini future) in 2009

The Crude Death Cross (from all time highs) in 2008.  We see the reversion happen slightly early, but still close enough to validate this theory.

Crude Golden Cross in 2009, sometimes the market gives you a second chance as can be seen here.

The Death Cross in the ES (current).  Will you get another chance to get out of stocks?

Was this past week the last chance to get out of stocks?  I think so, but then again I am just a chump.

Chump1 is currently net short stocks and ES futures

Crude death cross confirming US double dip recession

One more piece of evidence for the bears...

Chump1 is currently net short Crude futures

How could we survive without a meltup?

Oil bounced off its daily lows at 2pm














Which I suppose triggered some need to buy BP stock at about 3pm (in spite of news that the spill has spread to more beaches than previously estimated)?













Followed by SPX liftoff at3:24pm
















At least we had some volume today............