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 MY. The dynamic for each band is very strong. PY will cross MY in more than one period. On a Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).
Idea: bullish no-crossover for our stochastic.
Bet: S&P 500 rise in the 95 / 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. The status in progress for our MACD and our stochastic is a bullish no-crossover.
On a monthly basis, our 7 / 23 months moving averages are up with a bullish no-crossover in progress. Our stochastic is oversold. A bullish no-crossover is in progress with our MACD. MM is a strong support. A new parallel qualification could be in hand in early September after PM / MM bullish crossover.
Idea: with the oversold status for our monthly stochastic, a new high is in hand
Bet: until the end of July; if 1155 proves to be a support, 2 000 will be an intermediate short term target
R = rise > 2 years, +++ (should be above 2 000, 3 000???); S = 1155, MM (1000)
Medium term: bullish parallel pattern
On a weekly basis, a bullish parallel pattern is in progress.
Idea: use bullish parallel qualification rules for a new one
Bet: how long LW trend will continue? This could be the most important forecast for 2010 / 2011 /2012 investments (if you want to be rich / very rich)
R = 1250 (psy.), 1430, + S = MW (1142)
Short term: without main trend
On a daily basis, Bollinger bands spread is wide. As long as M23 is up, a decline is only a technical move.
Idea: LD is a strong support.
Bet: towards our main resistance (UD) as long as MD proves to be a support.
R = MD (1208.4), UD (1245), 1250; S = LD (1171.2)
Conclusion: bear trend for LW after mid-June?