grows but its cycle is bearish, it will not spark. 
In the rush to write about ACEA June 16 I made a mistake with the date of interruption of the trend. I said that the trend would stop at 18 € in the summer of 2008, however, things are a bit 'different, the interruption should always be 18 € in the summer of 2007 as stated January 6, 2006 (the analysis is accessible in pdf format at the link http://www.lepaginedeisoldi.it/analisi_2006 / acea20060102.pdf ).
The possibility exists that I'm wrong now and what I wrote on June 16 was right, but today the data available to me indicates that things will be as shown in the attached graph. My count the time remaining for the current bullish wave applied to the involute parabolic projects to June 2007 values \u200b\u200bof 18 €. This value corresponds to 62.8% bearish wave 2000-2003 that following the rules dictated by the rules is a Fibonacci level is highly sensitive and where the chances of reversal are high.
data available on ACEA when the fit between the securities that is out of phase between those with a main loop than the rest of the market. A sharp fall in the coming months with values \u200b\u200bin heavy oversold denials and may force me to redo the calculations, but today ACEA shows that you have counted the months before stopping this nice upside, do not forget, part of the € 3.18. The decline that followed the termination of this wave rally will be long and deep and more likely to lead the way below the historic low.
Under my portfolio, I will see what to do in 2007.
MEDIASET: Fibonacci goes into orbit! STM Maybe not as technical analyst worth a butt, but as the author of science fiction novels are a force! I sent into orbit Fibonacci, although in his day the sun revolved around the earth that was still a disc and not a sphere. But in all seriousness the desire to experiment I do not miss ever, this time I wanted astrarmi the usual fees (well, maybe I was already abstract enough) and I wanted to tilt the lines of Fibonacci retracements. The result applied to the graph of MEDIASET is not bad. The 1997-2009 bull cycle is assumed. 
the title if it were to follow parabolic channel could take the road indicated by green broken line. Viewed thus exceeding the record high it should be regarded as a double top with all its implications bearish later.
If my theory were correct MEDIASET securities in the portfolio that I should appreciate by over 200% over the next three years. Offices
wonder if there's some studies that rely analyst who think like me?
No News in the long run the STM. I remain of the opinion that it is working on a huge bull run and I put Convenga portfolio securities. I know that possibility of error in this regard are extremely high but the charm of technical analysis is to project evolved out scenarios that may seem absurd at the time.
In the absence of new signals to comment I can delight in the long run to analyze hourly chart that given the volatility of this title, favorite of day traders, provides interesting ideas.
STM is still in a parabolic channel of short-term oriented negatively. 
On June 27 ranged up to values \u200b\u200bclose to € 12 but closed the day with an optimistic message having confirmed the presence of the involute dish support marked in red. Closures under 12.20 would be seen with concern for the positions covered by the rule bullish while hiking in the 12.30 and 12.60.
will exit from the top of the parabolic short channel oriented in the negative signal the rise. The signal could have come with the closing on Friday 30.
In the rush to write about ACEA June 16 I made a mistake with the date of interruption of the trend. I said that the trend would stop at 18 € in the summer of 2008, however, things are a bit 'different, the interruption should always be 18 € in the summer of 2007 as stated January 6, 2006 (the analysis is accessible in pdf format at the link http://www.lepaginedeisoldi.it/analisi_2006 / acea20060102.pdf ). 
