Thursday, April 18, 2013

Athens General Share Index updated


Updating the Athens (Greece), General Share index ;
Weekly chart with the 50 and 100 simple moving averages
Notice how "B" (within the ABC pattern) stands right at the 50 & 100 SMA
Highly probable scenario ? Price remains within those two arrows for several months, then
shoots up above "C"
Trend followers will buy the break out above "C"
Opportunists are already buying
Value investors are "Dollar cost averaging" (so should you)

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