Re: SGR 50 day now pushing past 200 day moving average

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rookieprospector

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Re: SGR 50 day now pushing past 200 day moving average

in response to

Re: SGR 50 day now pushing past 200 day moving average

3putt1

posted on Feb 22, 2014 11:15PM

I will never forget the day silverback posted the crossing of the 200 day on the down side. "Death Cross" Of course I had my doubts about this tecnical event, however i now believe and hope it works on the upside as well.

Golden Cross

The golden cross is a chart pattern created when a shorter term moving average was below a longer term moving average, but it crosses above that moving average. This is typically seen as a bullish signal.

The golden cross is mostly used with longer term moving averages. It's an especially strong signal when the 50 day moving average crosses above the 200 day moving average.

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