Tuesday, January 31, 2012

How Significant Is The Golden Cross?

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Everyone is talking about the Golden Cross occurring today. ITZ mentioned this a few weeks ago >>READ

Stocks formed the much-heralded "golden cross" on Tuesday, but traders are waiting to see if remains there at the close before calling it a sign of an uptrend....read more...

Taking another look at some recent Golden Cross and Death Cross periods in the chart below.

John Bollinger, Bollinger Bands.com, discusses the "golden cross" and the S&P 500, saying this is the perfect case of mismatching the tool and the task.


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