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Tag Archive | "moving averages"

A Bullish Sign in the “Golden Cross”?

Thursday, July 2, 2009

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In case you’ve missed it, technical analysts have been atwitter over sightings of the mystical-sounding “golden cross”. Among the latest observations from the mainstream business press are a Barron’s online article posted yesterday and a Bloomberg piece from last week, but recent talk of the fabled Crux Aurea dates back at least as far as early June, when the daily chart of the Nasdaq Composite Index showed the 50-day simple moving average crossing above the 200-day…

Is the VIX Impervious to Technical Analysis?

Friday, April 11, 2008

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Yes, yes it is. The psychologist Abraham Maslow famously said, “When the only tool you have is a hammer, everything looks like a nail.” It has become increasingly common to see financial journalists and bloggers refer to the VIX as an indicator of market sentiment and sometimes of market direction, and those authors inclined toward technical analysis even apply their tools to draw predictive conclusions. But the VIX doesn’t seem to act very nail-like in spite of the best efforts…