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General discussion - re rate start August 2023, page-468

  1. 4,322 Posts.
    lightbulb Created with Sketch. 343

    It's when the moving averages cross... basically it's the simplest (and best IMO) chart signal... you have 2 'moving average' lines... I use 10 day and 30 day... when the 30 day line goes UNDER the 10day it is bullish and vice versa...smile.png

    Hence the chart here for the last 2 years...
    https://hotcopper.com.au/data/attachments/5669/5669024-005290186e4238e7cda6d3f8c9b837e1.jpg
    Death Cross = Dx and Golden Cross = Gx

    IMO they are NOT of too much importance as they are TOO FREQUENT here... ie you would be in out in out etc etc and not make maximum profits... that comes about by ANTICIPATING THE SIGNALS before they arrive IMO... sneaky.png

    The Death Cross here was Sept 25 in my chart above when there was NO fluctuation in price... wink.png

    The Gx and Dx ARE useful when they are RARE events and that is more likely on stocks trading 10/20c and above IMO... smile.png
 
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