Friday, February 15, 2013 12:41:33 PM
GOLDEN CROSSES EVERYWHERE!
Investopedia defines a golden cross as "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."
http://www.investopedia.com/terms/g/goldencross.asp#axzz2KzQJJW00
Stockcharts.com mention the Golden Cross as being a cross of the 50 and 200 SMA...
http://blogs.stockcharts.com/chartwatchers/2009/07/golden-cross.html
Based on these various definitions, we are in for some SERIOUS CROSS ACTION. Take a look:
Investopedia defines a golden cross as "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."
http://www.investopedia.com/terms/g/goldencross.asp#axzz2KzQJJW00
Stockcharts.com mention the Golden Cross as being a cross of the 50 and 200 SMA...
http://blogs.stockcharts.com/chartwatchers/2009/07/golden-cross.html
Based on these various definitions, we are in for some SERIOUS CROSS ACTION. Take a look:
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