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Re: Marksch1 post# 214017

Sunday, 08/21/2022 3:45:28 AM

Sunday, August 21, 2022 3:45:28 AM

Post# of 232889
I look at the Golden Cross indicator to which Tom refers as more of a signal that others will pay attention to and, generally speaking provides a degree of confidence in market sentiment change to the bullish side...again, generally speaking. So, although it may be lagging it's significance is primarily a market sentiment shift indicator from bearish to bullish.

Any one day can change from bearish to bullish but when you string together enough of those days together with a net effect of a golden cross then many take notice and when many take notice this can cause a further strengthening of the market sentiment.

Charts do what charts do because people do what people do and people do what people do because charts do what charts do.

All IMHO

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