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Re: puitsfraw post# 68974

Sunday, 01/25/2009 11:52:43 PM

Sunday, January 25, 2009 11:52:43 PM

Post# of 192568
Investopedia explains Golden Cross...
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.