wow! like ten thousands different charts, oh well,
Post# of 45510
Posted On: 04/10/2013 7:18:23 AM
wow! like ten thousands different charts, oh well, simple here!
Definition of 'Golden Cross'A crossover involving a security's short-term moving average  (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.  | |
 | 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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