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Silver Wheaton Corp. Message Board

  • cmegladon cmegladon Sep 21, 2012 11:56 AM Flag

    Golden Cross-Usually technically bullish

    A golden cross is when the 50DMA crosses over the 200 DMA.
    Some folks ignore a golden cross all together. Some technicians place alot of weight on them.
    Some have mixed feelings saying they do not apply to miners OR metals.
    In fact, loooking at a chart of SLW, we clearly see the last golden cross quickly turned into a huge drop in the PPS. However, I think this time is different.
    Personally, now that we have the golden cross in SLW it's worth exploring.
    The action before the prior golden cross was almost a complete inkspot OPPOSITE of the action we have been experiencing recently.
    Look at the differences.
    Our PPS is over the moving averages now, and that last time it was just about under.
    Any technicians here wish to comment? I'm a fundamental investor, not a technician, however,I do follow TA approachs.

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