As the heading states, the Dow and sp500 have both made a milestone this week by having the golden cross over. As I've read on fincial sense the 50 day EMA line has crossed above the 200 day EMA line, signalling the end of the bear run. Is that possible in this negative environment?
So I checked that I'm on my charting system and sure enough that did occur on the 12/13th of August! Is this the point where scared investors finally tip their money in? Is this where long term investors are reluctant to sell?
I'm not at home so I'm hoping someone here will do some charts for all to see
http://www.financialsense.com/editorials/swenlin/2009/0814.html
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golden cross on dow and s&p500
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