Imagination TV Inc. (IMTV)

[Turkish_Master]

Actually, I disagree...If you study most charts where a golden cross has occurred there is a short term response in the pps of an upward movement...start of a new uptrend if you will. The great part of a golden cross is mid to long term, where observations of significant amount of upward movement in the ops can be seen.

Golden crosses are more reliable than Death crosses...in fact, in the case of observing last 10+ years of the S&P 500, golden crosses have shown 20 out of 24 times to be the start of a significant uptrend. Death crosses are a lot less reliable when the same study is done. And of the 4 times where the golden cross did not mount to a significant upward teen, 3 times resulted in sideways action, and just one a little pullback.

So I'd say that mid to long term most longs would be correct to expect a ops movement in to the .15-.25 range!

ICPA