You hit this so dead on! I was watching it all day to see how you're call would play out. Ace of Pentacles is more like it! Now WHY is 60Ma an excellent trigger? Is there something structural about the market, calendars, bank behaviour that makes 60ma a reliable ma?
@Mercurius : 60Ma is an excellent trigger on 1hr charts when used in conjunction with 60Ma's on 5min and 4hr charts ie, when price falls below ALL 3 go short and when price rises above ALL 3 go long. In this instance my calculations suggested that by the time 1hr price eventually touched 1 Hr 60Ma, 5min & 4hr price and 6Ma's would be 'positioned appropriately' ;0)