Long term: towards LM
On a yearly basis a bearish no-crossover is the status for our stochastic.
On a quarterly basis, TAM tools are weak.
On a monthly basis, a PEI is the status for our moving averages and our MACD.
Idea: monthly MACD is our leading indicator
Bet: next month trend will be a long term trend.
R= MM (93.16); S= LM (80.05)
Medium term: a bearish parallel in March 2013?
On a weekly basis, UW / LW spread is minimal. TAM tools are weak
Idea: LW is our main target
Bet: weak as long as MW= resistance.
R= MW (90.84); S= LW (83.16),
Short term: bearish without pattern
On a daily basis, no type I or II could develop because a PEI is not in progress with our weekly moving averages.
Idea: daily MACD is our leading indicator
Bet: use bearish parallels rules.
R= PD (93.33), MD (94.43); S= MQ (85.89), LW (83.16)
Conclusion: weak as long as MW= resistance.