Commentary 02/05/2009

Chart Mibtel day (Fig.1)

Weekly chart (Fig.2)

Graf.settimanale zoom (Fig. 3)

An indicator (Fig. 4)

.... "On closer inspection I realized that there is another gap opened at 15500 and could even if I called" MINI-GAP attract prices ... .... "We share here.

Only 4 days to break liberasi snares and wires, resistors, headbands, trend line, Fibonacci levels and get only 150 points last gap opened downward in 2009. Not bad.

We observe first the Daily Graphic.

(Fig1, click on charts to enlarge and see clearly what I want to explain),

The candles have never abandoned the taking of the green trend line that we will report the positions where the upside will be in danger. The secondment will be the first warning. We have seen that no tracing Fibonacci years never hampered the rebound. And then tried to reverse the perspective and use Fibonacci levels to compute the multiple, namely the goals. The 'last step available in standard calculations of Fibonacci is an appreciation of 423% of the first wave made after the absolute minimum: well if this setting is correct we'll know soon because all levels have resulted in a small transfer, which lasted for little truth and the last coincide with the closing on Thursday. The candle on Thursday shows how a "Shooting Star" (green circle). If this remains the apex of the movement forced the END. But not all. The downward movement from January to March killed three gap down and reversed the movement from March to May has resulted in three upward! The last just under the shooting stars. We also saw the daily analysis often is not as decisive as could be weekly or monthly basis to say that the market was leaning on a twenty-year trend line.

Let us then to Fig. 3 and observe that the 4 points (blue) shown as resistors, 2 we have already smoked, and the third is there, there at your fingertips to 16300. At this rate would be sufficient to achieve two weeks after a stornino and perhaps, hopefully, that's precisely the goal of this movement would be 23.6% of all downhill from up to July 2007 to March 2009. But there is another alarm, there, indeed, a couple more: The circle of fig.3 we want to stress that the prices at the Weekly have come into contact with the moving average (MM34 Europe) to 34 weeks of green. Higher up we see the moving average at 55 weeks now at 19000 points. But for the moment that we keep aside.

Come on Fig. 2, weekly chart of the last 10 years c / a. We analyze and compare the situation today with the circles that I have highlighted. We see that MM34 is not a formality for the market. Look at her well in mid 2007 as he worked. First support price break, lunge and bounce from the bottom almost to retouch. Then once felt his presence and lack of strength, sellers are triggered gift. More or less the same thing instead of the minimum 2001/2002/2003. In my opinion, we are now in the position of the first circle, left in 2001.

But there is another treasure: Fig. 4 is usually an indicator that alone is not great but over very long periods, and because at certain times of the activity must be taken into consideration: I have highlighted with a blue arrow indicator value. We are more than 99 on a scale from 0 to 100. In recent years, had never been so high even in the most famous bubble of 1998-2000. The combination of this indicator with the highest absolute contact with MM34 means that we are very close, sooo close to ... ... ... ... ... ... .. t the next.

Have a nice day

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