Philippe Cahen
wishes you a happy holiday season
and a prosperous 2013
Next update: early January
Laisser une réponse
Archives mensuelles : décembre 2012
CAC 40: un type I journalier n’est pas exclu
Si cela ne vous dit rien,
demandez des renseignements en envoyant un mail à :
atdmfcahen@yahoo.fr
€ /$: always short? Aspro is made for you
Long term: a new trend could emerge
On a yearly basis, Bollinger bands spread will stay flat. TAM tools are without NEI / PEI.
On a quarterly basis, a PEI is in progress for our moving averages and our MACD. LQ is our first target.
On a monthly basis, the UM / LM spread is above a reference one. Stochastic and MACD are oversold and our moving averages will continue to decline.
Idea: above PM, a recovery could develop
Bet: with a close above MM, a new trend could emerge next year.
R= PM (1.3139), MM (1.3301), MQ (1.3772); S= 1.1877 (2010 low).
Medium term: higher
On a weekly basis, Bollinger spread is above a reference one. A weak bullish no-crossover is in progress with our moving averages but will continue thru 2013.
Idea: weekly MACD is our leading indicator
Bet: MM could be an objective.
R = MM (1.3301); S = MW (1.2755).
Short term: a type II is in progress
On a daily basis, a type II is in progress.
Idea: use bullish parallel rules
Bet: bullish.
R = MM (1.3301); S = PD (1.2961).
Conclusion: a new bull trend (medium / long term basis) is not ruled out.
Gold: could drop next week.
Long term: higher
On a yearly basis: a type II will be the status at the end of the period. Next year, LY should continue to decline (9 periods). Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.
On a quarterly basis, a bullish parallel pattern is in progress.
On a monthly basis, the bullish parallel pattern is over since May 2012.
Idea: use the monthly MACD as a leading indicator
Bet: a technical correction is not ruled out for some months.
R= UM (1809); S= MM (1662), PQ (1514)
Medium term: towards LW if MW fails as a support
On a weekly basis, Bollinger Bands spread is maximal. A PEI is the status for our stochastic and MACD.
Idea: LW as a target if MW fails as a support (at the close)
Bet: below MW.
R= PW (1777); S= MW (1703.6), LW (1591.6)
Short term: bearish pre-parallel?
On a daily basis, Bollinger Bands spread is minimal. No PEI could develop with TAM tools. If LD proves to be a support and MD acts as a resistance, a bearish pre-parallel pattern could develop.
Idea: weak as long as MD= resistance
Bet: choppy next week.
R= MD (1726.8), UD (1746.4); S= LD (1707.1)
Conclusion: wait.