Long term basis: not yet bullish

On a yearly basis, the status for our stochastic is overbought. With our 7 / 23 years moving averages, a bearish B type crossover will develop before 2014.  As long as MY (end of period) proves to be a support, the recovery could continue. Next supports are 2003 low and LY.

On a quarterly basis, LQ / UQ spread is maximal. MQ is our next resistance. Above MQ, UQ is our next target. But, a bearish no-crossover could develop with our moving averages. With this hypothesis, LQ is our main target.

On a monthly basis, Bollinger bands spread is minimal. With a NEI on the quarterly basis, as long as MM proves to be a support, UM is our maximal target. With a close below MM, May 2010 low is our first objective and LM is the next one.

Idea: wait early April

Bet: bearish divergence for our monthly stochastic?

R = MQ (4379);    S = MM (3753), May 2010 low (3287), 2003 low (2401)

Medium term: without trend

On a weekly basis, with M23 up and M7 down, UW is our main resistance and LW is our main support.

Idea: nothing to do

Bet: focus on stochastic pattern.

 R = UW (4162)               S= MW (3934), LW (3705)

Short term: choppy

On a daily basis, UD / LD spread is maximal.

Idea: not higher than UD.

Bet: towards LD if MD fails as a support.

R = UD (4104);     S= MD (3926), LD (3747)

Conclusion: focus on monthly and weekly stochastics.