Long term: weak

On a yearly basis, Bollinger bands spread will stay flat. Stochastic and MACD will be overbought at the end of the year. MY is our first target.

On a quarterly basis, a bearish no-crossover could be the status for each TAM tool. LQ is our first objective.

On a monthly basis, the UM / LM spread is shrinking and could be a reference one. A PEI could develop with our monthly moving averages.

Idea: LM is our first target if a PEI is the next status for our monthly moving averages.

Bet: lower as long as MM proves to be a resistance.

R= MM (1.3128);    S= MY / LM (1.2201), PY (1.0655)

Medium term: without main trend

On a weekly basis, UW / LW spread is a reference one.

Idea: weekly MACD is our leading indicator

Bet: lower as long as MW= resistance.

R = MW (1.3145);     S = LW (1.2720).

Short term: lower

On a daily basis, a PEI is the status for our daily moving averages.

Idea: towards LW if PD fails as a support

Bet: lower as long as MD act as a resistance.

R = MD (1.2995);        S = LW (1.2720).

Conclusion: weak as long as MW= resistance.

Long term: above MM at the close?

On a yearly basis, TAM tools are without NEI / PEI.

On a quarterly basis, a bearish no-crossover is in progress for our moving averages. Our stochastic could be oversold. MQ is a strong resistance.

On a monthly basis, the UM / LM spread is above a reference one. Stochastic and MACD are oversold and M23 will continue to decline.

Idea: above MQ, PQ will be our main objective

Bet: with a close above MM, the rise in progress will continue for several months.

R= MM (1.3243), MQ (1.371), PQ (1.4374);    S= MW (1.2996).

Medium term: trading range

On a weekly basis, a bullish no-crossover is in progress with our moving averages and with our MACD.

Idea: MACD is our leading indicator

Bet: not bearish as long as MW= support.

R = 1.3404 (current high);     S = MW (1.2998).

Short term: recovery

On a daily basis, a bullish no-crossover could be the status for our stochastic and MACD. With this hypothesis, a bull trend will develop.

Idea: MACD is our leading indicator

Bet: towards LD if MD fails as a support.

R = UD (1.3372);        S = MACD overbought, MD (1.3199), LD (1.3026).

Conclusion: higher for several months with a monthly close above MM.

Long term: towards PQ?

On a yearly basis, TAM tools are without NEI / PEI.

On a quarterly basis, a bearish no-crossover is in progress for our moving averages. Our stochastic is oversold. MQ is a strong resistance.

On a monthly basis, the UM / LM spread is above a reference one. Stochastic and MACD are oversold and M23 will continue to decline.

Idea: above MQ, PQ will be our main objective

Bet: with a close above MM, rise will continue for several months.

R= MM (1.3244), MQ (1.3672), PQ (1.4374);    S= MW (1.2927).

Medium term: higher?

On a weekly basis, a bullish no-crossover is in progress with our moving averages.

Idea: weekly MACD is our leading indicator

Bet: MM (end of period) could fail as a resistance.

R = MM (1.3244);     S = MW (1.2927).

Short term: higher as long as MD= support

On a daily basis, a bullish no-crossover is the status for our moving averages. Our stochastic and MACD could be oversold together.

Idea: bullish if our MACD is oversold within one day

Bet: 1.3308 (current high) will fail as a resistance.

R = 1.3308;        S = MD (1.3142).

Conclusion: higher for several months with a monthly close above 1.3244.

Long term: flat

On a yearly basis, Bollinger bands spread will stay flat. TAM tools are without NEI / PEI.

On a quarterly basis, Bollinger bands spread will stay flat. A PEI is in progress for our moving averages and our MACD. Prices should move lower.

On a monthly basis, the UM / LM spread is above a reference one. M7 is below M23 and MACD is up. MM should act as a resistance.

Idea: Monthly stochastic is our leading indicator

Bet: nothing to do.

R= MM (1.3436);    S= 1.1877 (2010 low), 1.164 (2005 low)

Medium term: recovery

On a weekly basis, Bollinger spread is above a reference one. A weak bullish no-crossover is the status for our stochastic.

Idea: higher if 1.3175 fails as a resistance

Bet: towards LW if MW fails as a support (overbought status for our MACD)

R = 1.3175 (above recent high);     S = MW (1.2599).

Short term: recovery

On a daily basis, no PEI is available for TAM tools. Our stochastic is the leading indicator.

Idea: higher as long as our stochastic is not overbought

Bet: weak below MD.

R = 1.3175;        S = MD (1.2946), LD (1.2825).

Conclusion: as long as MD proves to be a support, the rise in progress will continue.

Long term: weak

On a yearly basis, Bollinger bands spread will stay flat. TAM tools are without NEI / PEI.

On a quarterly basis, Bollinger bands spread is expending. A PEI is in progress for each TAM tool. More declines are ahead.

On a monthly basis, the UM / LM spread is above a reference one.

Idea: Monthly MACD is our leading indicator

Bet: a PEI could develop for our monthly MACD.

R= MM (1.3741);    S= 1.1877 (2010 low), 1.164 (2005 low)

Medium term: recovery is over

On a weekly basis, Bollinger spread is above a reference one. No PEI is in progress.

Idea: towards MW

Bet: towards LW if MW fails as a support (overbought status for our MACD)

R = UW (1.3025);     S = MW (1.2546), LW (1.2064).

Short term: type I in progress

On a daily basis, a parallel pattern is in progress.

Idea: use bullish parallel rules

Bet: close long position below MD.

R = UD (1.3223);        S = MD (1.2833), LD (1.2443).

Conclusion: as long as MD proves to be a support, the rise in progress will continue.

Une formation de base ATDMF s’impose.

Renseignements : atdmfcahen@yahoo.fr

Belle journée et bonnes opérations.

PS  : pour une inscription avant le 30 septembre 2012, réduction de 40 % sr le prix de la formation.

Long term: weak

On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages will be flat. Stochastic and MACD are overbought. MY is our first support and 1.1640 (2005 low) is the next one.

On a quarterly basis, Bollinger spread is a reference one and is expending. A PEI is in progress for TAM tools. June 2010 low (1.1877) is our first objective.

On a monthly basis, the UM / LM spread is above a reference one. With a PEI for our stochastic, a type II could develop next month.

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

Bet: below 1.1877 is not ruled out.

R= MQ (1.3836);    S= 1.2042 (current low), 1.1877, 1.1640, 1.000.

Medium term: technical recovery

On a weekly basis, as long as M23 trend is down, MW is a maximal target.

Idea: higher as long as our stochastic is not overbought

Bet: towards UW if 1.2748 (18/06 high) fails as a resistance.

R = 1.2748, UW (1.3107);     S = MD (1.2447), LW (1.2004).

Short term: toppish

On a daily basis, as long as MD proves to be a support (end of day) the main trend is up.

Idea: focus on our moving averages status

Bet: decline below MD.

R = 1.2748;   S = MD (1.2447), LD (1.2230).

Conclusion: as long as MD proves to be a support, the technical recovery in progress could continue.

Long term: flat

On a yearly basis, Bollinger bands spread is flat. Next period, TAM tools trend will be down. 1.1640 (2005 low) will be our main target.

On a quarterly basis, Bollinger bands spread is a reference one and will continue to expand. A bearish no-crossover is the status for each TAM tool.

On a monthly basis, UM / LM spread is above the reference level but Bands continue to expand.

Idea: lower with a technical recovery if our monthly stochastic status is oversold

Bet:  focus on monthly stochastic until the end of next week.

R= MM (1.35);    S= 1.164.

Medium term: technical recovery in progress

On a weekly basis, with a close above MW, UW could be our next objective.

Idea: stochastic will be up for two periods or more

Bet: UW as a target if 1.2748 (June 2012 high) fails as a resistance.

R= MW (1.2584 at the close), 1.2748, UW (1.3193);   S= LW (1.1975)

Short term: rise

On a daily basis, a PEI is in progress with our moving averages.

Idea:  use our MACD as a leading indicator

Bet:  up for 15 periods.

R= UD (1.2601);   S= MD (1.2409)

Conclusion: close a short position if MW fails as a resistance (e.o.p).

Long term: weak

On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages will be flat. Stochastic and MACD are overbought. MY is our first support and 1.1640 (2005 low) is the next one.

On a quarterly basis, Bollinger spread is a reference one. A PEI is in progress for TAM tools. June 2010 low (1.1877) is our first objective.

On a monthly basis, the UM / LM spread is above a reference one. With a PEI for our stochastic, a type II could develop this year.

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

Bet: below 1.1877 is not ruled out.

R= MQ (1.3836);    S= 1.2042 (current low), 1.1877, 1.1640, 1.000.

Medium term: technical recovery

On a weekly basis, as long as M23 trend is down, MW is a maximal target.

Idea: higher as long as our stochastic is not overbought

Bet: our 23 weeks moving average will continue to decline.

R = MW (1.261);     S = MD (1.2328), LW (1.1958).

Short term: rise

On a daily basis, a close occurred above UD with a NEI  in progress on the weekly time frame.

Idea: higher as long as our MACD is not overbought

Bet: MW is a strong resistance.

R = MW (1.261);   S = MD (1.2328), LD (1.2209).

Conclusion: as long as MD proves to be a support, the technical recovery in progress could continue.

Long term: weak

On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages are slightly bullish until the next period. Stochastic is overbought. UY is a far away resistance and MY is our first support.

On a quarterly basis, Bollinger spread is a reference one and UQ / LQ spread is expending. A bearish no-crossover is the status for each of TAM tools. June 2010 low (1.1877) is our first objective.

On a monthly basis, the UM / LM spread is above a reference one but is expending. A bearish no-crossover is the status for our stochastic. MM is a far away resistance. Below 1.1877 a collapse is expected.

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

Bet: below 1.1877 is not ruled out.

R= MM (1.3592);    S= LQ (1.234), 1.1877, 1.000.

Medium term: lower

On a weekly basis, UW / LW spread is expending. No PEI is in progress.

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

Bet: a bearish no-crossover could be the status for our stochastic.

R = MW (1.3028);     S = LQ (1.234).

Short term: bearish parallel pattern

On a daily basis, a bearish parallel pattern is in progress.

Idea: use bearish parallel pattern rules

Bet: a bearish no-crossover could be the status for our moving averages.

R = MD (1.2547);   S = LD (1.2327).

Conclusion: with a bearish no-crossover as a status for our weekly stochastic, a collapse will develop.