Reblog: Nifty Golden Cross – Does it Work ?

The original post is written by Mastermind, Nooresh Merani and appears here.

We have seen a lot of articles on the Golden Cross on various media.

Let us quickly look at how the Nifty movements have been in the last 10-12 years post the Golden Cross.

Conclusion – It’s a very late indicator but may sometimes give real long-term trend changes. Tough to use it as a decision system. The whipsaws hurt real bad.  I would rather prefer looking at price patterns.

This is a quick video. Do put in your comments. Maybe next time would try to put it on Dow Jones / S&P 500