TELEFONICA

Ciclos de 18 meses dentro del gran ciclo de tres – cuatro años

El tercer ciclo de 18 meses comenzó en septiembre de 2011, tiene definido su punto medio en julio 2012.

Se eleva hasta la segunda cresta, una vez culminada quedará en situación de máximos y mínimos decrecientes hasta el fondo final del ciclo de 18 meses y también del ciclo de 3-4 años.

Cerrará por debajo del punto medio.


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