Editorial
La présence d’une forte volatilité sur une base quotidienne et l’absence d’une tendance forte sur un graphique hebdomadaire indiquent que le mouvement de baisse observé sur les indices boursiers peut être remis en cause. Il y a une semaine, nous indiquions de liquider les positions vendeuses. Nous n’avons donc pas à réitérer ce conseil. Techniquement, une reprise est possible. Cependant, vu le niveau de volatilité il est difficile de se positionner. Il n’y a que les opérations en intraday qui, actuellement, peuvent être profitables.
Anticipations du CAC 40
Long term: MY (3404) = first target
On a yearly basis, see the dynamic for – 8 and next…MY (3404) is our first target.
On a quarterly basis, our 7 / 23 quarters moving averages are not bearish but our 7 quarters moving average will decline, at least, for 4 periods. Our MACD is overbought. The main trend is not bullish. Below MY (3404), LQ (3076) is our next objective.
On a monthly basis; Bollinger bands are diverging with a strong dynamic. A bearish crossover PM / MM is expected next month. A bearish non-crossover is in progress with our stochastic and MACD. For our 7 / 23 months moving averages, a bearish A type crossover is in progress. Over the next periods, the bear trend for our moving averages will improve. Next month, a new bear parallels pattern could be in hand if UM is up.
Idea: as long as M7 trend is down, have MY as a first objective.
Medium term: weak but not bearish
On a weekly basis, Bollinger band spread is maximal. A weak bearish non-crossover could be the status for our 7 / 23 moving averages. Our stochastic and MACD are not overbought. LW (3936) is a strong support.
Idea: recovery above MW (4486).
Short term: choppy
On a daily basis, UD / LD spread is maximal. Our 7 / 23 days moving averages will be neutral. LD (3947) is a strong support and MD (4247) is our first resistance. No opportunity on this time frame.
Idea: nothing to do with this level of volatility.
Conclusion: with a rise above MW (4486, at the close), a stabilization will emerge.
Indice : renforcer la position (12/9/2008)