Long term basis: Above Historic High as long as monthly MACD is not overbought

On a yearly basis, PY failed as a resistance. Stochastic is oversold. Our moving averages could continue to rise. UY is our main target if 1576 (current high) fails as a resistance.

On a quarterly basis, Bollinger Bands spread is maximal but could increase. A bullish no-crossover is the status for our stochastic and MACD. UQ (1554) is our first target.

On a monthly basis, a bullish no-crossover is the status for each TAM tool. M23 is not flat.

Idea: monthly MACD is our leading indicator

Bet: with a no-crossover status for our monthly stochastic and MACD in early February, 2013 will be a bullish year.

R = 1576, UY (1667), +++;    S = MM (1321)

Weekly basis: a bullish T2 is in progress

On a weekly basis, a bullish pattern is in progress.

Idea: use T2 / T4 rules

Bet: parallel.

R = 1576;    S= MW (1432)

Daily basis:  type I in progress

A bullish parallel is in progress.

Idea: use parallel rules

Bet: add a new long position.

R= 1576;                       S= MD (1460)

Conclusion: above Historical High is expected