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. Above PQ, MQ is our next objective.

On a monthly basis, Bollinger bands spread is minimal. With the quarterly trend, 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: bullish with a close above MQ

Bet: If PQ = resistance until the end of March, LQ could be a target.  

R = PQ (3961), MQ (4375);    S = MM (3673), May 2010 low (3287), LM (3303), 2003 low (2401), LY (1147)

Medium term: decline below MW

On a weekly basis, Bollinger bands spread is minimal. TAM are neutral. Below MW, LW is our next objective.

Idea:  away from this time frame

Bet: without trend for some periods.

R = UW (3980);               S= MW (3780), LW (3598)

Short term: without trend

On a daily basis, UD / LD spread is minimal. TAM are neutral.

Idea: UW / MW spread as objectives

Bet: nothing to do.

R = UW (3980);     S= MW (3780)