Long term basis: above PY

On a yearly basis, a bull trend for UY could emerge with higher prices. Above PY a new bull trend could be expected. Stochastic and MACD are not yet oversold. PY is a very strong resistance.

On a quarterly basis, LQ / UQ spread is maximal but shrinking. A PEI is in progress with our stochastic and our MACD. UQ is our next target if 1371 (current high) fails as a resistance.

On a monthly basis, Bollinger bands spread is a reference one. The status for our moving averages will be a bullish no-crossover.

Idea: focus on 1371

Bet: towards UY if PY fails as a resistance.

R = 1371, PY (1471.3), UY (1648);    S = MM (1238)

Medium term: bullish?

On a weekly basis, a PEI is in progress for each TAM tool. A type I is likely.

Idea: bullish with a type I

Bet: last opportunity to be long.

R = 1371;    S= MW (1269)

Short term: bullish parallel pattern

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

Idea: use bullish parallel rules

Bet: towards 1371 or above.

R = 1371;                   S=MD (1340)

Conclusion:  bullish as long as MD = support.

Long term basis: up

On a yearly basis, Bollinger bands spread is shrinking slowly. Stochastic and MACD are not yet oversold.  As long as PY proves to be a resistance, MY could be an 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 next target if 1371 (current high) fails as a resistance.

On a monthly basis, Bollinger bands spread is a reference one. The status for our moving averages could be a bullish no-crossover.

Idea: focus on 1371

Bet: towards UM or above.

R = 1371, UM (1406.7);    S = MM (1238)

Medium term: rise

On a weekly basis, a PEI is in progress for each TAM tool. Volatility is above a reference one.

Idea: rise as long as our MACD is not overbought

Bet: a type I could develop.

R = 1371;    S= MW/PW (1257)

Short term: type I

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

Idea: use bullish parallel rules

Bet: towards 1370 or above.

R = 1371;                   S=MD (1331)

Conclusion:  rise as long as MD = support.

Long term basis: toppish

On a yearly basis, Bollinger bands spread is shrinking slowly. Stochastic and MACD are not oversold.  As long as PY proves to be a resistance, MY could be an objective.

On a quarterly basis, LQ / UQ spread is maximal. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our next target if 1370 (current high) fails as a resistance.

On a monthly basis, Bollinger bands spread is a reference one. The status for our stochastic and MACD could be a bearish no-crossover.

Idea: towards LM if MM fails as a support

Bet: none.

R = PM (1331.7), UM (1399);    S = MM (1223), LM (1047)

Medium term: rise

On a weekly basis, a PEI is in progress for each TAM tool. UW / LW spread is above a reference one.

Idea: UW = resistance and MW = support

Bet: none.

R = UW (1305);    S= MW (1218)

Short term: rise

On a daily basis, UD / LD spread is above a reference one. A PEI is the status for each TAM tool. A bullish trend without T2 could develop.

Idea: a bullish pre-parallel pattern is not ruled out

Bet: higher.

R = PM (1331);                   S=MD (1257)

Conclusion:  rise as long as MD = support.

 Charts : ask to atdmfcahen@yahoo.fr

 

Long term basis: towards UY?

On a yearly basis, Bollinger bands spread is maximal. Our 7 / 23 years moving averages could continue to rise.  Above PY, UY could be a target.

On a quarterly basis, LQ / UQ spread is maximal. UM is our first resistance. Above UM, UQ is our next target. A bullish no-crossover could develop with our stochastic and MACD.

On a monthly basis, Bollinger bands spread is a reference one. A bullish pattern could develop this winter.

Idea: focus on LM trend

Bet: PEI for our monthly moving averages.

 

R = UM (1390), UQ (1591), UY (1648);    S = MM (1208), LM (1027)

 

Medium term: higher

On a weekly basis, Bollinger bands spread is maximal. A bullish A type could develop. Stochastic and MACD are oversold. Our next strong resistance is UW.

Idea: bullish pre-parallel within three months

Bet: enter long position.

 

R = UW (1364);    S= MW (1227)

 

 

Short term: rise

On a daily basis, UD / LD spread is above a reference one. A PEI is the status for MACD.

Idea: rise as long as MACD is not overbought.

Bet: higher.

 

R = UW (1364);                   S=MD (1194)

 

Conclusion:  add long positions + stop-loss at MW level.

Long term basis: weak

On a yearly basis, with our 7 / 23 years moving averages, a bearish B type crossover will develop before 2014.  As long as MY (end of period) proves to be a support, the recovery could continue. Next supports are 2003 low and LY.

On a quarterly basis, LQ / UQ spread is maximal. MQ is our first resistance. Above MQ, UQ is our next target. A bullish no-crossover could develop with our stochastic.

On a monthly basis, Bollinger bands spread is a reference one. Last close was below MM and MQ is a resistance. A bearish A type crossover could develop with our moving averages.

Idea: towards LM as long as MM proves to be a resistance

Bet: trading range on a monthly basis.

 

R = MM (1204), UM (1389);    S = LM (1020)

 

Medium term: not yet bearish

On a weekly basis, TAM tools could turn to a neutral status. But as long as our MACD is not oversold, prices will continue to decline.

Idea: nothing to do

Bet: MW is our first resistance and LM is a strong support.

 

R = MW (1239);    S= LM (1020)

 

Short term: flat

On a daily basis, UD / LD spread is above a reference one. TAM tools  are neutral.

Idea: UD = strong resistance and LD is our main support.

Bet: nothing to do.

 

R = MD (1176), UD (1223);                   S= LD (1129)

 

Conclusion:  nothing to do.

 

Long term basis: towards UQ?

On a yearly basis, the status for our MACD is a bearish divergence. As long as our M7 is up, the main pattern is always a bullish parallel pattern. UY is the far away maximal target. Below MY, a collapse could develop.

On a quarterly basis, Bollinger bands spreads is maximal. A bullish A type crossover could develop with our 7 / 23 quarters moving averages. A PEI is in progress with our stochastic.

On a monthly basis, Bollinger bands spread is not a reference one. The status for our 7 / 23 months moving is a PEI. The status is the same for our MACD. As long as our MACD is not overbought, the rise in progress will continue.

Idea: towards UQ as long as PM proves to be a support

Bet: higher until the end of 2011.

R = UQ (1610);    S = PM (1034).

 

Medium term: parallel qualification

On a weekly basis; with a type III PEI, a parallel qualification is in progress.

Idea: use bullish parallel rules

Bet: bullish for some periods

 

R = +;    S= PW (1251), MW (1210)

 

Short term: bullish parallel

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

Idea: use bullish parallel rules.

Bet: higher

 

R = UW (1311);                   S= PD (1275), LD (1255)

 

Conclusion:  UQ could be a target.

 

 

Long term basis: bullish above UM (at the close)

On a yearly basis, the status for our MACD is a bearish divergence. Furthermore, our MACD and stochastic are overbought at the same period. As long as our M7 is up, the main pattern is always a bullish parallel one. Below MY, a collapse could develop.

On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages. A bullish no-crossover is in progress with our stochastic. As long as UM proves to be a resistance, the rise in progress is only a technical recovery.

On a monthly basis, Bollinger bands spread is wide. The status for our 7 / 23 months moving is a PEI. The status is the same for our MACD. UM is our main target.

Idea: not bullish as long as MQ proves to be a resistance at the close

Bet: towards UQ if UM fails as a resistance (at the close + LM trend down)

R = UM (1248), +;    S = MM (1081).

 

Medium term: parallel qualification

On a weekly basis, a parallel qualification is in progress.

Idea: use bullish parallel rules

Bet: end of parallel with an overbought status for our MACD.

 

R = UM (1248);    S= PW (1173), MW (1142)

 

Short term: flat

On a daily basis, UD / LD spread is wide. UD could act as a resistance. If MD proves to be a support, a bullish pre-parallel pattern could develop.

Idea: recovery with an oversold status for our stochastic

Bet: bearish below LD.

 

R = UD (1228);                   S= MD (1200), LD (1171)

 

Conclusion:  above UM (at the close) is not ruled out.

 

Long term basis: rise above MQ (at the close)

On a yearly basis, the status for our MACD is a bearish divergence. Furthermore, our MACD and stochastic are overbought at the same period. As long as our M7 is up, the main pattern is always a bullish parallel one. Below MY, a collapse could develop.

On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages (a bearish no-crossover is not ruled out in 2011). MQ acts as a resistance. A bullish no-crossover is in progress with our stochastic. As long as MQ / UM proves to be a resistance, the rise in progress is only a technical recovery.

On a monthly basis, Bollinger bands spread is wide. The status for our 7 / 23 months moving is a weak bullish no-crossover. A bullish no-crossover is the status for our MACD. UM is our main target.

Idea: not bullish as long as MQ proves to be a resistance at the close

Bet: towards MQ (1210) if UM fails as a resistance (at the close).

R = PM (1196), UM (1256), +;    S = MM (1041), LM (827).

 

Medium term: UW / LW spread is expending

On a weekly basis, the status for our 7 / 23 weeks moving averages is a bullish A type crossover. The status in progress for our stochastic is a bullish no-crossover. PM is our first objective.

Idea: higher for some weeks

Bet: above PM

 

R = PM (1196);    S= MW (1105)

 

Short term: rise

On a daily basis, as long as M23 is up, a decline could be only a technical move. Below MD, LD is our next objective.

Idea: MD is a strong support

Bet: higher next week

 

R = PM (1196);                   S= MD (1160), LD (1132)

 

Conclusion:  recovery in progress towards MQ (1210).

 

Long term basis: Yearly bearish divergence with our stochastic and MACD => 500 as a first target

On a yearly basis, the status for our MACD is a bearish divergence. Furthermore, our MACD and stochastic are overbought at the same period: a sharp decline is expected. Below MY, a collapse could develop and amplify. 666, 500 and LY are our next supports.

On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages (a bearish no-crossover is not ruled out in 2011). MQ acts as a resistance. A bullish no-crossover is in progress with our stochastic. As long as MQ / UM proves to be a resistance, LQ could be a target.

On a monthly basis, Bollinger bands spread is wide. The status for our 7 / 23 months moving could be a bullish no-crossover by the end of 2010. A bullish no-crossover is the status for our MACD. UM is our main target.

Idea: not bullish as long as MQ proves to be a resistance

Bet: towards MM if PM proves to be a resistance.

R = PM (1105.2), UM (1253), +;    S = MM (1040), LM (827), 666 (current low), 500, LY (277)

 

Medium term: UW / LW spread is thin

On a weekly basis, UW and LW are flat. The status for our 7 / 23 weeks moving averages is a bullish A type crossover. The status in progress for our stochastic is a bullish no-crossover. MW could be our first objective.

Idea: our stochastic could be overbought

Bet: not bearish as long as MW = support

 

R = UD (1160);    S= MW (1092)

 

Short term: toppish

On a daily basis, as long as M23 is up, a decline could be only a technical decline. Below MD, LD is our next objective.

Idea: decline below PD

Bet: choppy without main trend (due to UD / LD spread).

 

R = UD (1160);                   S= PD (1136), MD (1126), LD (1092)

 

Conclusion:  recovery in progress (easier to be long with gold)

 

 

 

Long term basis: Yearly bearish divergence with our stochastic and MACD => 500 as a first target

On a yearly basis, the status for our MACD is a bearish divergence. Furthermore, our MACD and stochastic are overbought at the same period: a sharp decline is expected. Below MY, a collapse could develop and amplify. 666, 500 and LY are our next supports.

On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages (in 2002, the crossover was a bearish B type). MQ acts as a resistance. With a bearish no-crossover as a status for our MACD (end of period), LQ is our first support. If Bollinger bands spread increase, 666 (2009 low) will be our next target. The Collapse will continue as long as our MACD will be not oversold (end of period). Otherwise, MQ will be our first target.

On a monthly basis, Bollinger bands spread is wide. UM should act as a strong resistance. The status for our 7 / 23 months moving averages is not yet a bullish no-crossover. Our stochastic is overbought. A bullish no-crossover could be the status for our MACD. As long as MM proves to be a support, PM is our main objective.

Idea: not bullish as long as MQ proves to be a resistance

Bet: next week status for our quarterly and monthly MACD will give the main trend for early 2011.

R = PM (1203), MQ (1213), UM (1255), +;    S = MM (1021), LM (788), 666 (current low), 500, LY (277)

 

Medium term: UW / LW spread is thin

On a weekly basis, the status for our 7 / 23 weeks moving averages is neutral for three weeks. The status in progress for our stochastic is a bullish no-crossover. Next month, a bullish pre-parallel pattern could develop.

Idea: not bearish as long as MW = support

Bet: above UW is not ruled out in October

 

R = UW (1142), PM (1203);    S= MW (1091)

 

Short term: toppish

On a daily basis, as long as M23 is up, a decline could be only a technical decline. Below MD, LD is our next objective.

Idea: decline with an overbought status for our MACD

Bet: choppy without main trend (due to UD / LD spread).

 

R = UD (1161);                   S= MD (1101), LD (1041)

 

Conclusion:  in early October, focus on our quarterly and monthly MACD….