MPIX Weekly Chart.......... The Big Picture in Min

MPIX Weekly Chart.......... The Big Picture in Mind

Good evening everyone. Here's a weekly chart of MPIX showing the huge 'W' formation along with what now looks like a very nice 'Cup and Handle' formation underway. This is now the third week of consolidation after a strong week of almost 300% gains. I especially like the MACD and TRIX showing good signs of upward movement with separation occurring. The accumulation that began near the lows of .0008 has been very strong since and has accelerated rapidly during this pullback and consolidation. Sometimes one has to study the longer term charts rather than spend all their times watching the daily volatility. All of the moving averages from the MA7, 10, 16, 20 and 50 are moving up nicely. For those that follow the MA200, you can see that all those MAs will continue crossing up and over the 200 in due time as the 7 did recently. These are all indications of a potential tremendous move ahead. GLTA