Long term: bearish on a long term basis

On a yearly basis, Bollinger bands are expending. A PEI is in progress with our moving averages and with our stochastic.

On a quarterly basis a bearish parallel pattern is in progress.

On a monthly basis, UM / LM spread is expending. A PEI is in progress with our moving averages and with our stochastic.

Idea: use quarterly bearish parallel rules

Bet: a monthly type II will develop

R = MM (1.0057); S = – – –

Medium term: bearish parallel pattern

On a weekly basis, a bearish parallel pattern is in progress.

Idea: use bearish parallel rules

Bet:

R = MW (.9289) S = – – –

Short term: bearish parallel

On a daily basis, a type I is in progress.

Idea: use bearish parallel rules

Bet: lower

R = MD (.8869); S = –

Conclusion: lower for some years.