InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,615.35
(
0.55%
)
US TECH 100
19,879.60
(
0.44%
)
Dow Jones
40,000.90
(
0.62%
)
Brent Oil
84.60
(
0.01%
)
Bitcoin
62,746.56
(
3.23%
)
Post# of 1422
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

iblong2

Send PM Follow Ignore
Followers 107
Posts 5452
Boards Moderated 0
Alias Born 08/31/2001

iblong2

Member Level

Re: Hardwood post# 536

Friday, 10/16/2009 12:38:50 AM

Friday, October 16, 2009 12:38:50 AM

Post# of 1422
I am not a stock technician but my friend STOCKCHARTER is. I think he is correct that a Golden Cross is a long term indicator. By definition

"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."

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up