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Re: godsend74 post# 3400

Friday, 12/11/2009 12:14:59 AM

Friday, December 11, 2009 12:14:59 AM

Post# of 6427
As per your question on golden cross, here's an explanation from investopedia - on BRYN today, 50 day moving average rise above the 200 day moving average. It's supposedly a bullish sign for trending upwards. Perhaps, next time, just public messages will do. There's a lot of experts here that can help you out as well. Like our friendly gump and investmentventures.

Investopedia Says
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.



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