Long term: bullish

On a quarterly basis, Bollinger bands spread is increasing. Our 7 / 23 quarters moving averages are up. Our stochastic and MACD will continue to rise.

On a monthly basis, as long as our MACD is not overbought, the rise in progress will continue or amplify.

Idea: higher for some periods on a quarterly basis.

Bet:  before the end of 2010, qualification into a monthly bullish parallel pattern

R= Historical High (134.77), +, ++;    S= MM (124.35)

Medium term: bullish parallel pattern

On a weekly basis (continuous contract), a bullish parallel pattern is in progress.

Idea:  use bullish parallel rules

Bet: higher for some periods

R = 134.77 (current high), +, ++;   S = MW (129.19)

Short term (December 2010 contract): without trend

On a daily basis, a close occurred below MD. UD / LD spread is wide. A bearish B type crossover will develop with our 7 / 23 days moving averages. If a bearish no-crossover develop with our stochastic, LD will be a target. Otherwise, a recovery towards UD is expected.

Idea:  use stochastic to follow the trend

Bet: less bearish than 10 Y T-Note

R = UD (133.28)   S = MD (131.35), LD (129.46)

Conclusion: a new Historical High is not ruled out before the end of 2010.