Long term: collapse in progress
On a yearly basis, UY / LY spread is minimal. A bearish no-crossover is in progress for some periods with our 7 / 23 years moving averages. Our stochastic is overbought and the same status is expected for our MACD.
On a quarterly basis, Bollinger Bands spread is expending dramatically. The trend for our stochastic, MACD and 7 / 23 quarters moving averages is bearish. As long as our MACD is not oversold, the decline in progress will continue or expend.
On a monthly basis, the trend for our stochastic, MACD and 7 / 23 quarters moving averages is bearish. As long as our MACD is not oversold, the decline in progress will continue or expend.
Idea: lower and lower until 2011 or +
Bet: yearly MACD will be overbought in early 2011
R = MM (1.4889); S = -, –, —
Medium term: bearish parallel pattern
On a weekly basis, a bearish parallel pattern is in progress.
Idea: use bearish parallel rules.
R = MW (1.435); S = –
Short term: bearish no-crossover with PD
On a daily basis, Bollinger bands spread was maximal but continue to increase. PD acted as a resistance. This morning, a new low have been done. A new bear trend could develop with an overbought status for our MACD.
Bet: below 1.35
R = PD (1.4041); S= 1.35, –
Conclusion: towards 1.35 and 1.3 and 1?