posted on Jun, 22 2009 @ 02:33 PM
reply to post by LookingAround
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.