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Friday, November 20, 2009

Golden Cross 6 months After

I first blogged about the golden cross here

Take a closer look at the image. Historically, the 6 months performance after the the golden cross is 10.01%. The performance since golden cross on June 24 around 900 is 21.22%. The funny thing with averages is that you can have 30, 0, 0 and it averages to 10. Unfortunately, I don't have the data points.

So far, performance is 2x the average. Can it go higher, sure? At this point, I don't know if this is a new record performance or not because I don't know what the record is or was.

Just something to think about.

OBV is declining as price drop and volume is rising.