Replies to post #11962 on iShares Silver Trust (SLV)

[hotrod34racer]

Anyway, big move (in either direction) is coming come 1am EST!

I work all day so do tell? whats at 1am EST?



Cheers Buds \_/

[Bertsllc]

Moving Averages - Simple and Exponential - ChartSchool

A bullish crossover occurs when the shorter moving average crosses above the longer moving average. This is also known as a golden cross. A bearish crossover occurs when the shorter moving average crosses below the longer moving average. This is known as a dead cross

Golden Cross: A signal where the shorter moving average moves above the longer moving average. Usually, this term is associated with the 50-day moving average crossing above the 200-day moving average. See ChartSchool article on Moving Averages.

http://stockcharts.com/school/doku.php?st=golden+cross&id=chart_school:glossary_g

i agree that the 50ma over the 200ma is the more commonly named golden cross but in my experience all are very bullish. what stock charts fails to mention is the moving averages must be in an up trend.
This also indicates reversal :-)