Long term: flat

On a yearly basis, Bollinger bands spread is minimal. TAM tools are without NEI / PEI.

On a quarterly basis, with a bearish trend for M23, PQ / MQ could act as a resistance.

On a monthly basis, the UM / LM spread will stay flat. TAM tools are up without PEI.

Idea: rise as long as MM= support

Bet: quarterly bearish pre-parallels could develop.

R= PQ (1.6423);    S= MM (1.594), LM (1.5374)

Medium term: lower

On a weekly basis, Bollinger spread is a reference one.

Idea: use MACD status as a leading indicator

Bet: MW could fail as a support.

R = UM (1.6268);     S = MW (1.5774), LW (1.528).

Short term: decline

On a daily basis, Bollinger spread is a reference one. Weekly time frame is a NEI for daily basis.

Idea: a bearish pre-parallel pattern could develop within three weeks

Bet: towards MW.

R = PD (1.6188);        S = MW (1.5774).

Conclusion: lower as long as MD= resistance.

Long term: flat

On a yearly basis, no PEI / NEI is in progress. Our stochastic is the leading indicator.

On a quarterly basis, a bullish no-crossover is the status of our stochastic.MQ is our first resistance.

On a monthly basis, TAM tools are without PEI.

Idea: trading range on a monthly basis

Bet: nothing to do.

R= PM (1.6658);    S= MM (1.5979)

Medium term: rise

On a weekly basis, with a NEI on the monthly time frame (no PEI), the rise will continue as long as our MACD is not overbought.

Idea: higher

Bet: not bullish.

R = PM (1.6658);     S = MW (1.5788)

Short term: bullish?

On a daily basis, a type I could develop.

Idea: wait tomorrow

Bet: MD is a strong support.

R = PM (1.6658);   S = PD (1.6083)

Conclusion: towards PM (1.6658).

   Long term: lower?

On a yearly basis, Bollinger bands are down. Our technical analysis management tools will continue to decline. MY will act as a resistance for two periods or more.

On a quarterly basis, a PEI could develop with our technical analysis management tools. LQ is our main support.

On a monthly basis, the UM / LM spread could be a reference one. A bullish no-crossover is the status for our stochastic. As long as PM proves to be a resistance, LM could be a target.

Idea: towards UM if PM fails as a resistance

Bet: PM as a PEI.

R = PM (1.631), UM (1.6859)    S= LM (1.4722)

 

Medium term: without trendOn a weekly basis, UW / LW spread is minimal. A NEI is in progress with our technical analysis management tools. MW is a strong resistance and LW is our main support.

Idea: towards LW

Bet: nothing to do.

R = MW (1.5759);     S = LW (1.5354)

  

Short term: technical recoverylrt term: no trend965Y (1.4243amilliales) enance personnelle.tellis

On a daily basis, Bollinger bands spread is wide. A NEI is in progress with our technical analysis management tools. As long as MD acts as a resistance, LD could be our first support. 

Idea: a bearish no-crossover could develop with our moving averages.

Bet: not higher than MD.

R = MD (1.5819);   S = LD (1.5457).

 

Conclusion:  as long as MD = resistance, LW is our first support.

 

Long term: bearish as long as a monthly bearish parallel pattern is in progress

On a yearly basis, LY is flat. Our stochastic and MACD are overbought. Our 7 / 23 years moving averages are neutral but a bearish A type crossover will develop. Above MY (at the close), the recovery could extend. Otherwise, LY will be a target.

On a quarterly basis, Bollinger Bands spread look toppish. Our stochastic and MACD are not yet oversold. A bearish no-crossover could be the next status for our stochastic. A bearish A type crossover is the status for our 7 / 23 quarters moving. Lower prices are likely.

On a monthly basis, a bearish parallel pattern is in progress but PM failed as a resistance (M7 is up and position is now only 50 % from the initial one). A bearish no-crossover will develop with our 7 / 23 months moving averages. The status for our stochastic could be overbought next period. As long as MM proves to be a resistance, a decline is expected.

Idea: use bearish parallel rules for monthly pattern.

Bet: a bearish no-crossover will develop with our quarterly stochastic.

R = MM (1.6161, end of month);      S = PM (1.4777), LM (1.3394).

 

Medium term: UW / LW spread is expending

On a weekly basis, with our 7 / 23 weeks moving averages, a bearish A type crossover is in progress. The status for our stochastic and MACD is a bearish no-crossover. Before the end of March, a qualification into bearish parallel pattern could be in hand.

Idea: Lower as long as our MACD is not oversold

Bet: UW trend will continue to increase

R = MD (1.5711);        S = PM (1.4777).

 

Short term: decline

On a daily basis, a decline is in progress. As long as our MACD is not oversold, the decline will continue.

Idea: nothing to do

Bet: MD will act as a resistance.

 

R = MD (1.5711);           S= PM (1.4777).   

Conclusion: soon, LM will be a target for 2010.

 

Long term: bearish as long as a monthly parallel pattern is in progress

On a yearly basis, Bollinger bands spread is stable. Our stochastic and MACD are overbought. Our 7 / 23 years moving averages are neutral. Above MY (1.6724) more recovery is expected.

On a quarterly basis, Bollinger bands spread is not maximal and increase. Our stochastic and MACD are overbought. With a bearish B type crossover as a status for our 7 / 23 quarters moving averages (wait the end of June 09), a rise towards MQ (1.8359) is expected (see CAC 40 fall between 2000and 2003 on a quarterly basis). MY (1.6724) is a strong resistance. Otherwise, with a bearish A type crossover, a new low is expected.

On a monthly basis, a bearish parallel pattern is in progress but PM failed as a resistance (M7 is up and position is now only 50 % from the initial one).

Idea: for a quarterly bearish ATDMF pattern, have a look on UQ trend.

R = MM (1.7639);      S = MW (1.4837).

 

Medium term: bullish without ATDMF pattern (until next week)

On a weekly basis, Bollinger band spread is expending and could continue to increase for some periods. A bullish A type crossover is in progress with our 7 / 23 weeks moving averages. As long as our MACD is not overbought, the rise in progress could continue. Next week, with a bullish non-crossover as a status for our stochastic, UD (1.6688) will be our first objective.

Idea: intra week trading (with long signals)

R = UD (1.6688), MM (1.7639);        S = MW (1.4837)

 

Short term: bullish parallel pattern

On a daily basis, a bullish parallel pattern is in progress;

Idea: use bullish parallel rules.

R = PD (1.6537), UD (1.6688);           S= MD (1.5915)  

                                                                                                                                  

Conclusion: towards MM (1.7639) if the rise continues for two weeks.

 

Long term: bearish as long as monthly parallel pattern is in progress

On a yearly basis, Bollinger bands spread could expend further. Our stochastic and MACD are overbought. A bearish A type crossover could develop with our 7 / 23 years moving averages. The collapse could continue.

On a quarterly basis, Bollinger bands spread is not maximal and increase. Our stochastic and MACD are overbought. A bearish A type crossover is the status for our 7 / 23 quarters moving averages. A new low is expected.

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

Idea: a quarterly bearish ATDMF pattern is in progress.

R = PM (1.599);      S = LW (1.3836), -.

 

Medium term: recovery / rise

On a weekly basis, Bollinger band spread is not minimal but is expending. A soft bullish A type crossover is in progress with our 7 / 23 weeks moving averages. As long as our stochastic is not overbought, the technical recovery in progress could continue.

Idea: nothing to do

R = below PM (1.599), MM (1.7834);        S = MW (1.4595)

 

Short term: technical recovery

On a daily basis, MD is up. As long as our MACD is not overbought (bullish non-crossover in progress), the technical recovery in progress could continue.

Idea: bullish non-crossover for our MACD => higher.

R = below PM (1.599);           S= MD (1.5020)  

                                                                                                                                  

Conclusion: recovery for 2 weeks or more.

 

 

Long term: below LY (1.367)

On a yearly basis, Bollinger bands spread is expending but UY is flat. Our stochastic and MACD are overbought. The collapse could continue.

On a quarterly basis, Bollinger bands spread is not maximal and increase. Our stochastic and MACD are overbought. A bearish A type crossover is the status for our 7 / 23 quarters moving averages. A new low is expected.

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

Idea: a quarterly bearish ATDMF pattern is in progress.

R = UW (1.5196), PM (1.6463);      S = PW (1.3504), -.

 

Medium term: flat

On a weekly basis, a recovery is in progress. Monthly trend is not bullish. A rise above UW (1.5196) is only a technical recovery.

Idea: nothing to do

R = UW (1.5196);        S = MW (1.3846), LW (1.3908)

 

Short term: Bollinger band spread is not minimal

On a daily basis, our moving averages, stochastic and MACD are slowly up. As long aa MD (1.4601) = support, the rise could continue.

Idea: technical move.

R = UD (1.4963);   S= MD (1.4601)  

                                                                                                                                  

Conclusion: toppish soon.

 

 

Long term: below LY (1.3634)

On a yearly basis, Bollinger bands spread is expending. Our stochastic and MACD are overbought. The collapse could continue.

On a quarterly basis, Bollinger bands spread increase. Our stochastic and MACD are overbought. A bearish A type crossover is the status for our 7 / 23 quarters moving averages. A new low is expected.

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

Idea: a quarterly bearish ATDMF pattern is expected.

R = MW (1.5365);      S = LY (1.3653), -.

 

Medium term: bearish parallel pattern in progress

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

Idea: use bearish parallel rules.

R = MW (1.5365);        S = LW (1.3316)                                     

 

Short term: Bollinger band spread is maximal

On a daily basis, Bollinger bands spread is maximal. UD (1.5015) acted as a resistance. If MD (1.4341) fails as a support, LD (1.3667) is our next objective. Otherwise, as long as MD proves to be a support, a recovery towards UD (1.5015) is not ruled out.

Idea: with our M23 trend, MD should fail as a support.

R = UD (1.5015);   S= MD (1.4341), LD (1.3667).  

                                                                                                                                  

Conclusion: LD (1.3667) will be a strong support in February.

Long term: towards 1.0345 (Historical low)

On a yearly basis, Bollinger bands spread is minimal. Our stochastic is overbought and our MACD will be overbought in early Q1 2009. LY (1.3916) is our first target and 1.0345 is the next one.

On a quarterly basis, Bollinger bands spread is not maximal and increase. A bearish non-crossover is in progress with our stochastic. For our 7 / 23 quarters moving averages, a bearish A type crossover will develop. LY will fail as a support.

On a monthly basis, the dynamic for each Bollinger band is very strong.  A bearish crossover PM and MM occurred with a dynamic for each Bollinger band. The status for our stochastic and MACD is a bearish non-crossover. A bearish parallel pattern is in progress.

Idea: quarterly bearish parallel pattern.