Not everyone believes in TA and that's kewl....but most brokerages (and probably all) have those who are dedicated....its hardly anything new. And a Golden Cross is a widely follwed bullish technical event....I didn't pull it out of my nether regions.

http://www.investopedia.com/terms/g/goldencross.asp

What is a 'Golden Cross'

The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.

Applications of the Golden Cross

The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts. For example, the daily 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals.