Long term:  lower than Historical low?

On a yearly basis, Bollinger bands are shrinking and the spread is minimal. A bearish no-crossover is the status for our 7 / 23 years moving averages. Our stochastic will be overbought (next period, same pattern for our MACD?) The decline in progress should continue for some periods. Below 89.59 (Historical Low), a long tem collapse is not ruled out.

On a quarterly basis, Bollinger bands spread is not minimal but expend strongly. A soft bearish no-crossover is in progress with our stochastic and MACD. As long as our MACD is not oversold, the decline will continue.

On a monthly basis, Bollinger bands spread is not minimal but increase. For our 7 / 23 months moving averages, a bearish no-crossover is in progress. As long as our MACD is not oversold, the decline will continue.

Idea: below 89.5 a collapse, on a long term basis will develop.

Bet: yearly stochastic and MACD will be overbought in early 2011…

R = PM (129.95);     S = 100, 89.59 (Historical low), – – -.

Medium term: bearish  

 On a weekly basis, Bollinger bands spread is expending. The status for our 7 / 23 weeks moving averages is a bearish no-crossover. As long as our MACD is not oversold, the decline in progress will continue.

Idea: bearish no-crossover for our MACD

Bet :in July, opportunity to be short on a daily basis

R = UD (113.68);           S = 100

Short term: flat

On a daily basis, Bollinger bands spread is minimal. Next month, a bearish pattern could / will develop.

Idea: very bearish with a weekly bearish no-crossover for our MACD

Bet: collapse below LD

R = UD (113.68);   S = LD (109.24)

Conclusion: lower on a medium / long term basis