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Re: farside post# 33494

Friday, 09/07/2007 10:22:26 PM

Friday, September 07, 2007 10:22:26 PM

Post# of 247071
<<The Golden Cross that occurred on AAGH, had the stock flat lining for the following 13 odd days after it took place, before it actually took off ??>>

That inconsistency has been my experience and that's why I don't often pay much attention to the golden crosses -- imho, there are usually plenty of other indicators that are more reliable. The "angle of attack" will account for a lot of variability in the result. With AAGH, the angle between the intersection of the 50 and 200 ma is relatively shallow. SUF just had a relatively sharp GC cross with a strong result. In august 06, GOOG had a shallow 50 ma cross below the 200 with little effect, but when it sharply crossed back up in October 06, the effect was much more pronounced.

In our case, the cross will be sharp.




Little Icarus.