Is Crispin Odey’s “ golden cross ” about to occur? The golden cross is known in certain algorithmic trading circles as the point at which price momentum in one direction tends to trigger additional force in the direction of the trend. It often occurs when a shorter-term price moving average crosses another longer term price moving average, the historical basis for the trend following execution trigger. In Odey’s case, the golden cross, if it were to occur, would hypothetically indicate a sell signal, but the cross is not a technical indicator in this case for several reasons, most specifically because…
Is Crispin Odey's Golden Cross Momentum Signal About To Be Hit?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.