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puitsfraw

01/25/09 11:52 PM

#68975 RE: puitsfraw #68974

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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balamidas

01/26/09 12:01 AM

#68977 RE: puitsfraw #68974

probably because the stock will go very bullish after that cross so you will find some gold in your account ;)so it is golden cross ;)