Someone please correct me if i'm wrong :
The XJO had a golden crossover 10 trading days ago.
Last night the last of the major indexes (the Dow) crossed.
The golden crossover has only occurred 10 times in 30 years.
The past nine times have seen significant gains on every occasion.
The gains have lasted a minimum 18 months and maximum 44 months.
Maybe my charts are not sophisicated enough to show me where i'm wrong but at this stage i'm prepared to believe we are in for an upward trend for many months.
Is there any other single indicator with an accuracy like this?
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Last
8,543.3 |
Change
1.000(0.01%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,542.3 | 8,576.0 | 8,541.8 |
| XJO (ASX) Chart |