Long term: towards MQ?

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought. If LM fails as a support, MQ is our next objective.

On a monthly basis, next month, UM / LM spread will be under the 2005 level. A bearish no-crossover is the status of our MACD. If LM fails as a support, a bear trend could emerge.

Idea: focus on PM and UM trend

Bet: MQ as a support, is it a really stupid question?

R= MM (1672);    S= PQ (1555), MQ (1300)

Medium term: a bearish parallel in March 2013?

On a weekly basis, no bearish parallel could develop in February. In March, no NEI will be in progress.

Idea: use our weekly MACD as a leading indicator

Bet: weak as long as MW= resistance.

R= MW (1692);   S= PQ (1555),

Short term: lower

On a daily basis, Bollinger bands spread is expending. No PEI is in progress with TAM tools.

Idea: use our MACD as a leading indicator

Bet: Paradise for CFD traders.

R= MD (1661);   S= current low (1598), MACD oversold

Conclusion: lower without bearish pattern.