MACD crosses are as common as muck & require centerline crosses...

MACD crosses are as common as muck & require centerline crosses for confirmation.
Even then they're not LT reliable, (see Jan 2010), that's why it's best to stick to the bigger picture weekly which shows the MACD recently falling through the centerline."

Chalea, look back further to 18th August 2006 on the weekly chart. What happened then after the MACD fell back through the centreline? What was happening then is similar to what is happening now. A longer uptrend was experiencing a short retrace and retest. Once the uptrend was reestablished the shareprice went through a "blowoff" phase, rising from a low of 1.5 cents to over 10 cents. With PEN currently at 3.8, what could the upside possibility be if we were to experience a similar situation again?
If we are to use charts to predict the future based on the past then we must include all of the past and look at all possibilities. Which way it breaks from the latest wedge has short term ramifications but the fundemantals and technicals both predict that a "blowoff" will occur again at some stage in the future. Now when it does how high will it go? Would you be able to use your charting skills to predict the answer to that question?
cheers
PW