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Friday
Dec302011

Dow Golden Cross Imminent

DateFriday, December 30, 2011 at 09:52AM

Sometime in the coming days, the Dow Jones Industrial Average will experience the elusive “golden cross,” which occurs when the 50-day moving average crosses above the 200-day moving average as both moving averages are rising.  While the golden cross is considered a positive technical formation, we looked back at the Dow's prior golden crosses to see just how positive they have been.

Over the last 50 years, the Dow has experienced 20 golden crosses.  Below we provide the Dow’s returns in the week, month, three months and six months following these 20 golden crosses.  As shown, the Dow has averaged a return of...

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