July 24, 2012     Foreword from dshort: In this commentary, Georg Vrba focuses on a less commonly appreciated aspect of moving average signals. We normally focus on the point of crossover, which is explicit in the signal terminology (e.g., Golden Cross, Death Cross). But Georg calls our attention to the peaks and troughs of the spread between the moving averages. The implications of this shift in focus are quite astonishing.

….. If history repeats itself we can look forward to good gains for the S&P starting late this year or early in 2013