<p>After a rocky 2012, the Shanghai Composite (<keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword>'s main stock market index) has been making a big move up.</p>
<p>In fact, it's moving up so quickly that the 50-day moving average is about to be higher than the 200-day moving average, a phenomenon referred to by technical analysts as the "<keyword id="970397" type="ORGANIZATION" weightage="60" keywordseo="Golden-Cross">golden cross</keyword>."</p>
<p>This is a bullish sign for traders who believe in momentum in the markets.</p>
<p>The folks at <a href="http://www.bespokeinvest.com/thinkbig/2013/1/30/china-golden-cross-coming.html">Bespoke Investment Group</a> wrote about this earlier today.  Here's their chart:</p>
<p><div class="image-container" style="width:610px"><div class="image"><img src="http://static1.businessinsider.com/image/5109bb0cecad049d65000000-655-390/screen%20shot%202013-01-30%20at%207.29.44%20pm.png?maxX=610" border="0" alt="china golden cross" width="610" /></div><p class="source"><a href="http://www.bespokeinvest.com/thinkbig/2013/1/30/china-golden-cross-coming.html">Bespoke Investment Group</a></p></div></p>

stock market

BusinessInsider

The Chinese Stock Market Is Closing In On Its 'Golden Cross'

After a rocky 2012, the Shanghai Composite (China's main stock market index) has been making a big move up. In fact, it's moving up so quickly that the 50-day moving average is about to be higher than the 200-day moving average, a phenomenon referred to by technical analysts as the "golden cross." This is a bullish sign for traders who believe in momentum in the markets. The folks at Bespoke Investment Group wrote about this earlier today. Here's their chart: Bespoke Investment Group

After a rocky 2012, the Shanghai Composite (China's main stock market index) has been making a big move up. In fact, it's moving up so quickly that the 50-day moving average is about to be higher than the 200-day moving average, a phenomenon referred to by technical analysts as the "golden cross.

The Chinese Stock Market Is Closing In On Its 'Golden Cross'

Sam Ro

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