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langlui

05/22/12 9:44 AM

#63239 RE: stockhits #63233

EVRM Golden Cross:

A golden cross occurs when the 50ma (blue line) moves up and crosses up
and over the 200MA ( red line ) creating what is known to be a golden cross.



What makes this such a golden signal is that this type of cross occurs when
the 50 day avg price is increasing compared to the 200 day avg price.

In a nut shell, the price is moving up and when chart traders see this patter
they jump all over it causing a massive move.