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Thank you for this, especially the Golden Cross / Death Cross links. I learned something today.

• brokensegue 8y ago
  You didn't. Technical indicators like that are nonsense
  • lesss365 8y ago
    Rather than be dismissive, present your case. Moving averages and rsi are not the same as drawing arbitrary triangles. They actually measure trends in buying, selling, and price movements over a given period. And if you actually look at the 20,50,200 day moving averages for major indexes, you'll see significant moves in price where golden and death crosses occurred. They're legitimate indicators and used by professional traders within the finance industry
  • cimmanom 8y ago
    What’s interesting to me is that that’s a technique that can be used to analyze trends other than financial ones.
• lesss365 8y ago
  Of course, glad to share resources/information. I would add, for US markets, keep an eye on Treasury yield curve rates and look for inversions between shorter time frames and longer time frames. This has been an indicator which has preceded the last 9 US market crashes. The bottoming of unemployment numbers and the start of a turn upwards has also been a signal. https://stockcharts.com/freecharts/yieldcurve.php https://stockcharts.com/freecharts/yieldcurve.php https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/TextView.aspx?data=yieldYear&year=2019 https://www.treasury.gov/resource-center/data-chart-center/i... https://www.bls.gov/opub/mlr/2016/article/unemployment-rate-nears-prerecession-level-by-end-of-2015.htm https://www.bls.gov/opub/mlr/2016/article/unemployment-rate-...