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

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 (1551) 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 (1683), +++;    S = MM (1321)

Weekly basis:  a bullish T1 is expected

On a weekly basis, Bollinger bands spread is a minimal one. With a downtrend for LW, a bullish T1 will develop.

Idea: focus on LW trend (if a close above UW occurs)

Bet: be long only with a T2.

R = UW (1476);    S= MW (1425)

Daily basis: wait

Bollinger spread is above a reference one. With a technical correction towards MD, PEI will develop on TAM tools and Bollinger spread will be lower than a reference one.

Idea: wait for Type II, type I or bullish pre-parallel

Bet: too early to add a new long position.

R= UW (1476);                       S= MD (1437.9)

Conclusion: could be bullish if UW fails as a resistance (weekly close).

 

 

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Long term basis: could be bullish

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 (1549) 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 (1683);    S = MM (1321), LM (1165)

Weekly basis:  a bullish T1 is not ruled out

On a weekly basis, Bollinger bands spread is a minimal one. With a downtrend for LW, a bullish T1 could develop.

Idea: focus on LW trend (if a close above UW occurs)

Bet: be long only with a T2.

R = UW (1469.7);    S= MW (1422.6)

Daily basis: be careful

A NEI is in progress on the upper time frame. No T2 is in progress on the daily basis.

Idea: use our daily MACD as a leading indicator

Bet: a bullish pre-parallel could develop.

R= U (1469.7);                       S= MD (1428.3), LD (1398)

Conclusion: could be bullish if UW fails as a resistance (weekly close).

 

Long term basis: choppy in 2013

On a yearly basis, UY could rise at the close. PY failed as a resistance. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. UY is our main target.

On a quarterly basis, Bollinger Bands spread is maximal but is shrinking slowly. With an overbought status for our stochastic, UQ will be the maximal target.

On a monthly basis, stochastic and MACD could be overbought together in the same period.

Idea: monthly MACD is our leading indicator

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

R = UM (1477.5);    S = MM (1323.9), LM (1170)

Medium term:  focus on moving averages status

On a weekly basis, Bollinger bands spread is a reference one. Focus on moving averages crossover: a type A or B could develop. PW has a bearish trend.

Idea: UW as a target with a bullish no-crossover for our moving averages and otherwise LW as an objective

Bet: wait for the next moving averages status.

R = UW (1472);    S= LW (1353)

Short term: towards UD

On a daily basis, Bollinger Bands spread is maximal. TAM tools are up without PEI. UD is our maximal target.

Idea: use our daily stochastic as a leading indicator

Bet: long (intraday basis).

R= UD (1435.6);                       S= MD (1393.2), LD (1350.9)

Conclusion: towards UW if MW (1412.9) fails as a resistance

Long term basis: towards UY

On a yearly basis, UY could rise at the close. PY failed as a resistance. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. UY is our main target.

On a quarterly basis, Bollinger bands spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our maximal target.

On a monthly basis, a bullish no-crossover is the status for TAM tools. UM / LM spread is expending.

Idea: monthly MACD as a leading indicator

Bet: yearly MACD will be oversold next period.

R = UY (1658), +++;    S = MM (1319)

Medium term:  bullish type II in progress

On a weekly basis, a type II occurred in T3. A type III could develop next week.

Idea: add long position with a type III

Bet: close long position below PW / bearish below MW (at the close).

R = UW (1486);    S= PW (1422.4), MW (1387)

Short term: weak

On a daily basis; Bollinger bands spread is a reference one. No bearish pattern could develop with a NEI on the weekly basis.

Idea: lower as long as our MACD is not oversold

Bet: MACD could be oversold next Wednesday.

R= MD (1451), UD (1471);                       S= PW (1422.4)

Conclusion: bullish on a medium term basis if PW acts as a support.

Long term basis: towards UY

On a yearly basis, UY could rise at the close. PY failed as a resistance. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. UY is our main target.

On a quarterly basis, Bollinger bands spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our maximal target.

On a monthly basis, a bullish no-crossover is the status for TAM tools. UM / LM spread is expending.

Idea: monthly MACD as a leading indicator

Bet: yearly MACD will be oversold next period.

R = UY (1658), +++;    S = MM (1314)

Medium term: Type II in progress

On a weekly basis, a type II occurred in T3. It’s the most bullish pattern that you can imagine.

Idea: add long position this week

Bet: LW trend will amplify its decline.

R = UY (1658);    S= MW (1369)

Short term: PEI for our moving averages

On a daily basis; Bollinger bands spread expended until T9. Long are in commands.

Idea: a powerful move should develop

Bet: PEI for our MACD.

R= +++;                       S= MD (1429)

Conclusion: see Medium term analysis

Long term basis: very bullish above PY

On a yearly basis, UY could rise at the close. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. Above PY, UY is our main target. As long as PY proves to be a resistance, a pseudo type III could develop. With this hypothesis, MY is our first objective.

On a quarterly basis, LQ / UQ spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our maximal target.

On a monthly basis, a bullish no-crossover is the status for TAM tools.

Idea: monthly MACD as a leading indicator

Bet: a new bull trend is not ruled out.

R = UW (1436), PY (1471), UY (1653);    S = MM (1306), LM (1176)

Medium term: toppish

On a weekly basis, Bollinger bands are diverging. Without any PEI for TAM tools, stochastic is our leading indicator

Idea: rise as long as our stochastic is not overbought

Bet: UW is our main target.

R = UW (1430.7);    S= MW (1360.5)

Short term: decline below MD

On a daily basis, UD / LD spread is a reference one. Our stochastic and MACD are overbought.

Idea: LD as a target if MD fails as a support

Bet: lower.

R= UD (1427.9);                       S= MD (1404.1), LD (1380.3)

Conclusion: a technical decline is likely.

Long term basis: rise if PY fails as a resistance

On a yearly basis, Bollinger bands spread is shrinking slowly. Stochastic could be oversold at the end of the period. Our moving averages could continue to rise. Above PY, UY is our main target. As long as PY proves to be a resistance, a type III could develop. With this hypothesis, MY is our main objective.

On a quarterly basis, LQ / UQ spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our maximal target.

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

Idea: focus on the next status for our monthly stochastic and MACD (bearish divergence)

Bet: rise if PY fails as a resistance.

R = PY (1471), UM (1417);    S = MM (1288), LM (1159)

Medium term: decline

On a weekly basis, a bearish pre-parallel could develop within some periods.

Idea: nothing to do this week

Bet: MW will act as a resistance.

R = MW (1358);    S= MM (1288)

Short term: trading range

On a daily basis; UD / LD spread is a reference one. Without a PEI, the rise in progress is a technical recovery.

Bet: towards UD.

R = UD (1338);                       S= MD (1310), LD (1283)

Conclusion: weak.