chart, page-38

G'day brad.

I use 41ema and 195ema.

On the daily we've Had support on the 195ema.

As far as crossing up goes, check the volume out on the xjo when they crossed up on the daily back in 2009. Stocks that have golden crosses on the dailys are usually in upward trends and are a hold and add on dips.

Having said that if you look closely, it can also be a short term sell as the 2 averages are about to cross. If support is found after the drop on either of the 2 averages, then I like to enter. Gets tricky with specs at times, works better with indexes and the majors IMO.

Haspete is probably better at explaining it than me, but a golden cross on a weekly can be a pretty powerful cross. Hmm, be good if haspete could chart nwe for us! Where are you Pete? Lol

I'll see if I can get him to get a chart done for everyone.

I use MA's a lot in conjunction with other tools.