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Friday, November 11, 2016 4:33:32 PM
If the 50 DMA crosses over the 200, especially if both are moving up...then TA afficiandos (of which I am one) will tell you that it can serve as an indication of pending blue sky breakout.....but as I posted, the Cross is not a slam dunk.....We'll see if something happens Saturday that will bring in enough buyers to get the stock back in an uptrend....if that happens then the GC might still come to pass.
Good luck
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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