Yearly trend: in 2012 /2013, qualification into 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 and nine periods of bear trend for LY could be in hand at the end of 2013. On a global Historical basis, could be 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 at the end of 2013.

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A weak type I is in progress. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

On a monthly basis, the status for our stochastic and the MACD is a bearish no-crossover.

Idea: lower as long as our monthly stochastic is not oversold

Bet: towards LM if Dec. low (1522) fails as a support.

R= UM (1835);    S= 1522, 1500, LM (1317)

Medium term: trading range

On a weekly basis, UW / LW spread is maximal for a reference one. No PEI / NEI is in progress.

Idea: M23 trend will give the medium term trend

Bet: with a bearish no-crossover for our MACD a collapse could develop.

R= MW (1656.6);   S= 1522.

Short term: trading range

On a daily basis, UD / LD spread is above a reference one.

Idea: UD should be a resistance and LD should be a support

Bet: UD / LD spread will shrink.

R= UD (1627.5);   S= MD (1581.4), LD (1536.2).

Conclusion: focus on weekly M23 trend.