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 could 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. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013. A PEI is in progress with our stochastic and MACD.

On a monthly basis, a type III PEI is in progress.

Idea: use bullish parallel rules on a monthly basis

Bet: higher.

R = rise > 2 years, +++ (should be above 2 000, 3 000 and +++);    S = PM (1325)

  

Medium term: bullish

On a weekly basis, UW / LW spread is increasing. TAM are rising.

Idea: rise as long as our MACD is not overbought

Bet: a type II could develop.

 R= 1500; + + +;   S = MW (1401.2)

 

  

Short term:  bullish

On a daily basis, UD / LD spread is increasing. A  PEI is in progress with our moving averages and with our MACD.

Idea: bullish as long as our MACD is not overbought

Bet: above 1500 is expected soon.

 

R =  1500, + + +;               S = MD (1446)

 

Conclusion: hold on old long position (medium / long term basis) as long as MW (1401) proves to be a support.