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Buxton ND | BLue/Fry, I use the 18/45/100 SMA with a death or golden cross (days well very on the chartist ) Death is very bearish, golden is very bullish. Death cross is when the short and mid term MA cross the long term (Dow did this on July 27th) and all 3 are moving lower. Golden is the reverse. Anticipating the cross is the real hard part. These cross's were invented by the Chinese 1000's of years ago if I remember right.
Last summer in 2 very important markets on the daily charts*****
US Dollar did the Golden Cross Higher.
Crude did the Death Cross lower.
As summer turner into fall SAME DEAL on a weekly's in each market.
As fall turned in 2015 the Dollar made the golden cross on its monthly chart.
100 months is 8.33 years with the Dollar in a side-ways base building consolidation pattern. The longer the pattern THE STRONGER THE MOVE***** The US Dollar broke out,broke higher out the wedge pattern (very strong move in my eyes) *****(this is the day that started changing OUR MARKETS)***** give or take the 14th of July 2014*****made the golden cross 5 days***** later and 8 days after that crude and the dollar crossed paths on the chart***** Dollar higher/crude lower.
These chart pattern above is dam near like a total eclipse of the sun,,,,, it don't happen too often. Now I've been the crude BEAR and the dollar BULL, more so the crude bear, above is the reason***** and it all goes back to what some China-men invented 1000's of year ago. | |
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Charts - Monthly
