[Amedee]

MIFI - Attempting it's initial Stage 2 continuation breakout, and idf you look at the P&F chart for the longer term picture then you can see that it's also challenging multi year highs and approaching the top of it's monthly Stage 1 range.


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... Scanning some messages on the board and reading this one...
MIFI has a very strong so called point and figure 'fulcrum' pattern and is nearing a break out (pattern type full catapult as described by Victor DeVilliers in his wonderfull book Point and figure charting, first edition 1933, revised edition in 2007).
See http://www.scribd.com/doc/77610629/De-Vi...e-Charting
See also the attachment of a 1 box reversal chart. You can see similarity with the downward channel in MIFI, a mid rally $4.25 and a possible catapult point at $4.5. The pattern is confirmed on a so called 3 box reversal chart.

On a point and figure RS chart (relative strength measured against the SPXEWI), you can see a basing area with a triple top buy signal. Promising.    
Just my 2 cents...

Amedee

Amedee