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. A type II is expected at the end of 2012. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).

Idea: focus on LY trend

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. A type I could develop at the end of March 2012. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

On a monthly basis, a bullish parallel pattern is in progress but the status for our MACD is a NEI.

Idea: towards LM if MM fails as a support

Bet: a NEI could be the status for our monthly stochastic

R = rise > 2 years, +++ (could be above 5 000);    S = MM (1503.2), MQ (1122.8), LM (1151)

Medium term: technical recovery

On a weekly basis, UW / LW spread is above a reference one.

Idea: towards LW with an overbought status for our MACD

Bet: below MW is not ruled out.

R= UW (1793.6);   S = MW (1682.6), LW (1571.6).

Short term: towards LD?

On a daily basis, a PEI is in progress with our stochastic.

Idea: LD as a target if MD fails as a support

Bet: below MD.

R = UD (1774.3);   S = MD (1712.3), LD (1650.4).

Conclusion: a decline towards LW could develop.