Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern
On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. PY will cross MY in more than one period. A powerful bullish no-crossover is in progress with our stochastic. On a Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).
Idea: LY will continue to decline for two periods or more
Bet: S&P 500 rise in the 1990 / 2000 as a benchmark.
Long term: a new monthly bullish pattern qualification
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013. The status in progress for our MACD and our stochastic is a bullish no-crossover. On a quarterly basis, these patterns give a very powerful signal.
On a monthly basis, our 7 / 23 months moving averages are up with a bullish no-crossover as a current status. The status for our monthly stochastic and MACD is a bullish no-crossover. A bullish parallel qualification is in progress.
Idea: use bullish parallel rules on a monthly basis
Bet: very bullish for 2011
R = rise > 2 years, +++ (should be above 2 000, 3 000 and +++); S = MM (1115)
Medium term: bullish parallel pattern
On a weekly basis, UW / LW spread is expending (for 8 periods with the current one). With LW the pattern in progress could be similar to the 17/05/2010 one. A bullish crossover PW / MW occurred. A bullish parallel qualification is in progress.
Idea: above Historical High this month
Bet: LW trend will continue to drop
R = +++ S = PW (1305.9)
Short term: rise
On a daily basis, Bollinger bands spread is not far from its minimal spread. A bullish A type crossover will develop with our 7 / 23 days moving averages. If UD fails as a resistance, our MACD will be the leading indicator.
Idea: rise as long as MD proves to be a support
Bet: my dream is to see LD trend down.
R = UD (1375.9); S = MD (1348), LD (1317)
Conclusion: same as usual, long in gold and nothing else.