wilb52 schreef:
[quote=ron banged]
[quote=wilb52]
Ron
The most important will be the MACD Monthly cross-over , in the next few months.
Could be any month now, oct, nov, dec
And that combined with a daily oscillator ( 10, 70 ) , will be the start of a 2.5 year rise towards 34 euro.
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I usually don't look at monthly's, but the cross into negative territory in May 2006 marked the beginning of the downturn that started at the end of 2005(all time high, and the cross back into positive territory could mark a prolonged outturn.
I hate to keep banging the same drum, but the stock could be 3 to 4 times higher and not be out of line with the ratios of many of its peers. Funny, that would put it at 34 euros.
No Offense Wilb52, but are we both sounding optimistic?
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Well Ron , I became more optimistic, due to the 3 higher lows after the low of 8.19 at jan the 22.
But due to redemptions and leveraging off , the stock still could go to low in the 9 euro's.
The AEX still has to go to 284 , and the S&p towards 950, hopefully in a two weeks time , to end this bear-trend.
If not , it will be delayed by a few months