death cross chart , page-8

  1. 5,279 Posts.
    The Death Cross is a complete dud as a warning indicator and it's history is a shining example of why it should be completely ignored.

    ABDM. Yes lets look at history. Only on 12 March, when OBJ's share price was 1.7c, there was a clear indication of convergence and the imminent death cross. Had you taken action then, you would have save 18% of your investment.

    Also that link which you have provided is for the S&P 500 index and is for a 12 month hold period after the signal.

    It's a pity you didn't instead find a study which looked at the price for individual stocks and 2-4 weeks after a death cross as that is when support will be reached and/or breached for OBJ.

    As a study, have a look at TON. I have put a post on there that a golden cross should be reached today. Let's see how she moves from there.

    Remember - don't fight the trend. You will nearly always lose

    Thx
 
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