I think if someone could answer this they would be the Oracle. Based on what I've read, there has not been a lot of research into the efficacy of the golden cross. Basically, the same answer for all of market forecasting: 50/50 chance. Dartboards have been shown to be as accurate as the best forecasters.
Please allow me to chime in. I've been trading technicals for 27 years and they work just fine. Keep in mind it's a high probability thing not an absolute. With that being said TITXF filled the gap perfectly and will build a base here for a few weeks or so and the next rise should take us to .90 to $1 .
I'm pretty sceptical, but it certainly worked for the "death cross" in 2015. It took us down by 95% in the two years following. And the golden cross in 2013, took us up by more than 500%.
According to this article, it does not work too well for individual stocks however.
The main reason I am interested in it is because it might attract some investors who do look at these technicals, and believe in it, and I hope it will give us some press.
I do expect us ripping higher soon, this week or next, golden cross or not.
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