Joined Nov 11, 2007
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Markets Near ‘Golden Cross’ But Is It a Good Sign?

The Dow Jones Industrials are nearing an important technical milestone that otherwise might be considered a pretty positive sign for the stock market.

Trouble is, the arrival of the much-vaunted Golden Cross— when the 50-day moving average crosses above its 200-day counterpart — faces a couple of obstacles as a beacon of stock bullishness.

First, history is, ironically enough, not on the market’s side.

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