The two graphs presented here are the 2 year daily graph and the 5 year weekly graph. The black line is the closing price. The red lines are the 20 point moving averages. The Green line is the Stopping criteria from VectorVest.
Looking at the 2 year daily graph, the current price is almost back up the top level from around 1 year ago. This is potentially a set of the cup and handle pattern mentioned by McNeil
(http://ozstock.blogspot.com/2010/12/canslim-method-william-oneil.html). Once this signal breaks strongly, it will be a good signal to buy. Also the buy should only happen when the price still keep above the moving average.
From Weinstein's method
(http://ozstock.blogspot.com/2011/01/stan-weinsteins-secrets-for-profiting.html), the top from almost 1 year ago seem that it may be the end of Stage 2 and going on Stage 3 as the increase in price levels out. However a Stage 4 which is going downwards phase, did not develop, but instead it went sideways for almost 1 year and now it may be ready for a cup and handle.
Looking now at the 5 year weekly graph, we see that the current high price and the top of 1 year ago is only slightly lower that the pre-GFC top. One interesting feature from this 5 year graph is that the crash of MCP due to the GFC can be anticipated. The red moving average line is a good indicator since the pre-GFC peak, MCP then drifter slowly below the red line and even form lower top a few times below the red line. This is the point to sell. Only after this, then MCP dropped dramatically. So those who watched the red moving average should have got out before the steep crash.
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