InvestorsHub Logo
Post# of 3651
Next 10
Followers 698
Posts 138570
Boards Moderated 3
Alias Born 07/29/2006

Re: plastipunk post# 374

Thursday, 12/21/2006 10:35:46 AM

Thursday, December 21, 2006 10:35:46 AM

Post# of 3651
fyi: Golden Cross
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.

Investopedia Says: As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.



Technicians might see this cross as a sign that the market has turned in favor of the stock.

http://www.answers.com/topic/golden-cross

http://img226.imageshack.us/img226/9868/goldencross78257a1dc4.jpg



_______________________________________________________
If you take anything I say as advice, you're crazier than I am.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.