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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 next period. A PEI is in progress with our stochastic. On a global 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 1986 / 2000 as a benchmark.
Long term: bullish parallel on a quarterly basis
On a quarterly basis, the pattern is a bullish parallel one. A type I could develop. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013. A PEI is in progress with our MACD.
On a monthly basis, a type III is in progress.
Idea: use bullish parallel rules on a monthly basis
Bet: higher and higher (and nothing else in portfolios)
R = rise > 2 years, +++ (should be above 2 000, 3 000 and +++); S = PM (1445.7), MM (1308.9)
Medium term: focus on MACD
On a weekly basis, UW / LW spread is above a reference one. As long as our MACD is not overbought, the main trend remains bullish.
Idea: no correction before three weeks or more
Bet: higher.
R= +; S = MW (1510), PW (1483)
Short term: type I in progress
On a daily basis, a type I is in progress.
Idea: if you don’t understand, read L’analyse technique aujourd’hui, la méthode ATDMF (Economica) or forget technical analysis.
Bet: use bullish parallel rules.
R = +; S = MD (1558)
Conclusion: a New Gold Standard is not ruled out….
Position:
Previous: out below PM (1445.7).
In progress: hold on long position(s)
Next: out below PM (1445.7).
PS: for our book (in French) or training (in English or French): atdmfcahen@yahoo.fr
Out of Europe between 29 of July and 5 August (morning)
