GREY:WFEMF - Post by User
Comment by
Segusmundoon Jan 08, 2013 11:56pm
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Post# 20813353
RE: Short term DEATH CROSS
RE: Short term DEATH CROSS Hi Dextonite. Are you referring to WOF with respect to a death cross, or some other security or index? The first chart attached below reflects that WOF isn't close to a death cross (200 day simple moving average share price breaking above its 50 day simple moving average). Moreover, I think many only consider death crosses significant only when accompanied by material fundamental change(s) and high volume. Neither appear currently applicable to WOF trading. Moreover, I think some investors actually consider death crosses as bullish, as shown by the second attached chart of Google this year. Perhaps you may be seeing the potential 50 day SMA crossover with the 21 day? If so, I think that crossover reflects the recent retracement from .38 to .28. One way or the other, thanks for the post. It sure got me to quickly look! :)
https://stockcharts.com/h-sc/ui?s=WOF.V&p=D&yr=0&mn=6&dy=0&id=p43540466489
https://stockcharts.com/h-sc/ui?s=GOOG&p=D&yr=0&mn=8&dy=0&id=p08109449387&a=288498454