Monday, June 22, 2009

Golden Cross...

I find it interesting that a close of 850 on the sept /ES turns the 50 day moving average down and away from crossing the 200 day mva and thus avoiding the Golden Cross. Also odd that the 50th day which is to be dropped off is 850.50
When sketching in such a scenario I find that the chart lends good form and proportion but I'm viewing it with a bias...

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