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. PY will cross MY in more than one period. A powerful bullish no-crossover is in progress with our stochastic. On a Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).
Idea: LY will continue to decline for two periods or more
Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.
Long term: a new monthly bullish pattern qualification
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013. The status in progress for our MACD and our stochastic is a bullish no-crossover. On a quarterly basis, these patterns give a very powerful signal.
On a monthly basis, our 7 / 23 months moving averages are up with a bullish no-crossover as a current status. The status for our monthly MACD and stochastic is a bullish no-crossover. A bullish parallel qualification is in progress.
Idea: use bullish parallel rules on a monthly basis
Bet: very bullish for 2011
R = rise > 2 years, +++ (should be above 2 000, 3 000 and +++); S = PM (1227)
Medium term: December 2007 pattern in progress (+ 20 % within 4 months?)
On a weekly basis; a bullish parallel is in progress.
Idea: use bullish parallel rules.
Bet: very bullish as long as our stochastic is not overbought.
R= +++ S = PW (1348.6), MW (1303.8)
Short term: Bollinger spread is increasing
On a daily basis, our technical analysis management tools are up. Without a PEI, as long as our MACD is not overbought, the rise in progress will continue.
Idea: higher
Bet: with a new Historical High today, a new bull trend could develop.
R = 1427.5, +++ S = MD (1376)
Conclusion: hold on long position (bought 6 October 2009 at 1034).