In these days of subprime crisis and skyrocketing oil I am going to analyze our index Mibtel to see if all these bad news is the beginning of a new bear phase or are just a retracement. analyzing the trendline that has guided the growth of the Italian stock exchange last we see how we arrived at a crossroads. The value of the index is right on the trendline at an altitude of 30,009.
The signal that we get is:
- Monday November 12 if the index recovers the collapse this week, then you will bounce on the trendline, and we can keep our open long positions on the various securities index .
- but if the value of the index close on November 12 would be below the trend line (value 30,000) then the signal that the trend is reversed and that all this bad news has already triggered the "panic selling". For us it will be the last chance to emerge unscathed from the open positions.
0 comments:
Post a Comment