DOW - Death cross coming and Question, page

reply to post by LookingAround

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I'm new at this and am trying to understand it myself, so I'm hoping an experienced trader would chime in.

A 'death cross' is a technical trading term where a long term moving average crosses below the short term moving average. The short term moving average is also called the support level.

A 'golden cross' is where the long term moving average crosses above the short term moving average.

What I'm not clear on are the moving day averages typically used, or the chart duration. If I look at charts with moving day averages in multiples of 7 days, it seems to map more directly with the movement of the DOW.

reply to post by Dbriefed

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You got these backwards. Short term moving average would be above a long term moving average in a bull market. Basically if anything, this particular cross would be bullish. The death cross is when the long term average crosses above the short term, indicating a bear trend.

Although, I would caution any of you, the moving average charts shown are very simplistic as far as technical indicators go. There are much better technical indicators for trading a market. Much better and more accurate.

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