Sunday 24 October 2010

A Golden Cross for the S&P 500 Index

John Derrick, Director of Research, U.S. Global Investors releases his report" A Golden Cross for the S&P 500 Index"-"On Friday, the S&P 500’s 50-day moving average crossed above the 200-day moving average--a long-term investment signal and sometimes these crosses persist for years before the 50-day moving average crosses back below the 200-day moving average. "

Porky wonders if a short-term downside adjustment will come first with his MACD(6,7,1) and RSI(14)

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