The Golden Cross is a key technical market moving event. What is it? The Golden Cross occurs when the short term moving average (MA) crosses over the longer term moving average (MA).
The Golden is most commonly identified when the 50(MA) crosses over the 200(MA). In our October 3rd WTB Weekly Report we highlighted the 50 Day MA crossing over through 200 Day MA. The Golden Cross provided a technical surge to close the DOW over 11000 for the first time since May.
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