GREY:AVGCF - Post by User
Comment by
JonEcashon Mar 04, 2010 10:13pm
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Post# 16845821
RE: Current technical indicators
RE: Current technical indicatorsKS I appreciate the enthusiasm, but all of your posts are just flooding the BB and aren't really adding much information. Anyways, I had to respond because you were wrong in your last post. A GOLDEN CROSS is when the 50 crosses the 200. We see it on the daily chart because the 50DMA is already quite far above the 200DMA.
But we did just get it on the WEEKLY CHART. I tried to alert the board to this in my post on support levels last week (Feb 26). To me the weekly golden cross is a stronger indication of where this is going LONGER TERM. This is another reason why I was a buyer in the upper 50's last week and picked up more today.
J$