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 powerful bullish no-crossover is in progress with our stochastic. On a 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, PEI are in progress with our TAM. A bullish parallel qualification is in progress.
Idea: use bullish parallel rules on a monthly basis
Bet: very bullish for 2011
R = rise > 2 years, +++ (should be above 2 000, 3 000 and +++); S = PM (1268)
Medium term: December 2007 pattern in progress (+ 20 % within 4 months?)
On a weekly basis; a bullish parallel is in progress.
Idea: use bullish parallel rules.
Bet: very bullish as long as our stochastic is not overbought.
R= UW (1453), +++ S = PW (1372), MW (1341)
Conclusion: hold on long position (bought 6 October 2009 at 1034).
Position:
Previous: long as long as PW acts as a support.
In progress: long
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