Be carefull the area is green, but you can not follow the chart with out your own point of view in spls I will use the green area as a sale signal, if you check all gree areas the stock went down after the signal.MACD and stochastic (94-96), and today it has been trading in doji start patter for me is a Sale signal
This is my point of view and not a recomendation to buy or sale
Your message makes absolutely no sense. You are assuming that the past equals the future. If that was true, then why is Microsoft taking a hit compared to the past 20 years? Remember one thing...the reason why SPLS is turning positive is because they are virtually eliminating the competition and they will have the field all to themselves. They WILL DOMINATE the office supplies industry for the next decade and beyond. The market is just realizing this. Imagine Home Depot WITHOUT Lowes! It would be TOTAL DOMINANCE. Now picture STAPLES WITHOUT Office Depot (closing 200+ stores next year) and Office Max (chapter 11 is around the corner). TOTAL DOMINANCE!
REMEMBER ONE THING: THE PAST DOES NOT EQUAL THE FUTURE.
To make it short, many things have changed in this industry during Y2K, and SPLS emerged as the undisputed winner, hands down.
This year it will be EXTREMELY good for SPLS investors because the company put aside its aggressive expansion plan (opening in 1 market this year compared to the 100+ markets/year rate in the past 15 years). What does this mean? It means that instead of investing that money towards physical expansion (=opening hundreds of stores), it's time to collect money for SPLS shareholders.
2001 will make a lot of SPLS investors EXTREMELY HAPPY.