Long term: higher on a yearly basis

On a yearly basis, the status for our 7 / 23 years moving averages is a bullish no-crossover. The same status is in progress for our stochastic and MACD. The rise in progress should extend for some periods. Current Historical high is only our first objective.

On a quarterly basis, UQ / LQ spread is wide but increasing. A bullish no-crossover is in progress with our 7 / 23 quarters moving averages. Our stochastic and MACD were oversold at the same time. Current Historical high is only our first objective.

On a monthly basis, our stochastic and MACD are oversold. The spread for Bollinger bands spread is wide and LM is flat. But, a technical correction towards MM is not ruled out.

Idea: bullish for some years                                                                                                                      

Bet: a technical correction until year‘s end could develop

 R = 128.7;    S = MM (119.5)

Medium term: bullish parallel pattern

On a weekly basis, our 7 / 23 weeks moving averages are up. A bullish parallel is in progress. The rise could amplify.

Idea: use bullish parallel rules

Bet: more decline below PW

R = 128.7;    S = PW (123.84), MW (121.78)

Short term: UD / LD spread could be minimal soon

On a daily basis, a bearish no-crossover is the status for our stochastic and MACD. M23 will stay up. A decline will be only a technical correction.

Idea: decline as long as our stochastic is not oversold

Bet: lower for one week or more.

R = MD (125.41), UD (126.65);    S = PW (123.84)

Conclusion: a technical correction until early 2011 could develop.