iBankCoin
Joined Nov 11, 2007
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Golden Cross Pattern in Dow Signals Prosperous New Year

On Friday investors put the old year to bed, and looked for signs as they anticipated what the baby new year might bring.

Considering the market had been trading on technicals in 2011, the Fast Money pros suggest watching the charts carefully again in 2012.

And Bespoke recently noted a pattern that the Fast pros thought was very significant.

Looking at the Dow [.DJIA  12217.56    -69.48  (-0.57%)   ], the 50-day moving average has started to break above the 200-day; something known on the Street as a Golden Cross.

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One comment

  1. Rat f

    Kuk story!!!!!

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