Long term: higher next year

On a yearly basis, Bollinger band spread is not minimal, LY could decline but UY is rising. Our 7 / 23 moving averages are up and our MACD will not be overbought before two periods or more. UY could be a target.

On a quarterly basis, the trend for our 7 / 23 quarters moving averages is neutral.  Our stochastic and MACD are neutral / oversold at the end of 2009. As long as MQ proves to be a support, UQ / PQ is our main target.

On a monthly basis, the UM / LM spread is maximal. A bullish A type crossover will be the next status for our 7 / 23 months moving averages. The status for our stochastic and MACD is oversold. A bullish non-crossover could be in progress and develop with our stochastic. UM is our main target.

Idea: a bullish non-crossover for our yearly stochastic

R = UY (1.5), UQ (1.5679), PQ (1.582), UM (1.6264);    S= MM (1.425), MQ (1.3637)

Medium term: like a bullish parallel in progress

On a weekly basis, LW trend is up. M23 will stay up for some periods. As long as MW proves to be a support, the main trend is up.

Idea: increase of the bullish trend with a dynamic for LW.

R = UY (1.5), +++;     S = MW (1.4286)

Short term: like a bullish parallel pattern in progress

On a daily basis; last week UD / LD spread was not far away from its minimal level. Today: with a dynamic for LD, a pseudo bullish parallel pattern will be in progress.

Idea: use bullish parallel rules.

R = UY (1.5);   S = MD (1.47)

Conclusion: UM as a target is not a dream.