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).

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 A type. Our stochastic is overbought and our MACD is neutral. Below MM, LM will be our main support.

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

Bet: decline with a close below MM and bearish with a bearish no-crossover for our quarterly MACD.

R = MQ (1212), UM (1253);    S = MM (1020), LM (788), 666 (current low), 500, LY (277)

Medium term: not higher than UW

On a weekly basis, the status for our 7 / 23 weeks moving averages is neutral but a bearish no-crossover could develop. The status in progress for our stochastic is a bullish no-crossover. Above MW our targets are 1132 level (June 2010 high) and UW. If MW proves to be a resistance (end of period) then LW will be our main objective.

Idea: tonight close will give the way

Bet: not higher than June level

R = MW (1100), 1132, UW (1182);    S= MW /MM (1020)

Short term: same analysis than medium term

On a daily basis; above 1100, UD will be our next objective.  Otherwise, LD is our main support.

Idea: could turn bearish if 1100 act as a resistance

Bet: not higher than UD

R = UD (1125);                    S= MD (1079), LD (1033)

Conclusion:  next status could be a bearish no-crossover for our quarterly MACD….

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).

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 A type. At the end of  August, the status for our stochastic and MACD will give the way (up or down) for the trend. Below MM, LM will be our main support.

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

Bet: decline with a close below MM and bearish with a bearish no-crossover for our quarterly MACD.

R = MQ (1212), UM (1252);    S = MM (1009), LM (768), 666 (current low), 500, LY (277)

Medium term: UW / LW spread is maximal

On a weekly basis, the status for our 7 / 23 weeks moving averages is neutral but a bearish A type crossover could develop. Next week, the status for our stochastic and MACD could be overbought. LW is our main target. Otherwise, MW is an objective.

Idea: a bearish pre-parallel pattern could develop

Bet: choppy

R = MW (1105);    S= MM (1009)

Short term: lower

On a daily basis, Bollinger bands spread is expending. A bearish crossover PD / MD occurred with a bullish trend for UD. A bearish no-crossover is the status for our stochastic and MACD.  The bear move could amplify.

Idea: use bearish parallel rules

Bet: MM will act as a support.

R = MD (1093);                    S= MM (1009)

Conclusion:  next status will be a bearish no-crossover for our quarterly MACD….

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. The collapse in progress could amplify. 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. A bearish no-crossover is the status for our MACD. 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).

On a monthly basis, Bollinger bands spread is wide. UM should act as a resistance. A bearish A type crossover could be the status for our 7 / 23 months moving averages. Our stochastic is overbought.

Idea: towards LY if our MACD status id overbought.

Bet: Q2 close without recovery was bearish

R = UM (1219);    S = MY (959), LM (754), 666 (current low), 500, LY (277)

Medium term: bearish no-crossover as a status for stochastic and MACD

On a weekly basis, Bollinger band spread is increasing. The status for our 7 / 23 weeks moving averages is a bearish A type crossover. Dynamic over -24 periods is the most significant indicator after mid July. The status for our stochastic and MACD is a nice bearish no-crossover. MY is our first target.

Idea: bearish as long as our stochastic is not oversold

Bet: bearish pre-parallel in August

R = MW (1127);    S= MY (959)

Short term: flat

On a daily basis, Bollinger bands spread is wide and flat. Above MD, UD is our next main objective. LD is a strong support.

Idea: wait for Q2 earnings results

Bet:

R = MD (1070), UD (1138);                    S= LD (1014)

Conclusion:  wait

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. The collapse in progress could amplify. 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). A bearish no-crossover could be the status for our MACD. MQ will act as a resistance. LQ will be our first support. If Bollinger bands spread increase, 666 (2009 low) will be our next target. The Collapse will continue as log as our MACD will be not oversold.

On a monthly basis, a bearish A type crossover will be the status for our 7 / 23 months moving averages.. With an overbought status for our stochastic and a close below MM, LM is our next objective.  

Idea: if MQ proves to be a resistance in early July 2010, 1929 collapse could be seen as a weak move.

Bet: a bearish no-crossover for our quarterly MACD is expected

R = UM / MQ (1232);    S = MM (986), LQ (828), 666 (current low), 500, LY (277)

Medium term: MW very strong resistance

On a weekly basis, Bollinger band spread is not minimal and bands are flat. The next status for our 7 / 23 weeks moving averages will be a bearish A type crossover. Our stochastic and MACD are overbought at the same time. If LW proves to be a support, a bearish pre-parallel pattern could develop. With an increase of Bollinger bands spread, the decline in progress will continue as long as our MACD is not oversold.

Idea: MM / LW is our first objective.

Bet: next pattern could be a bearish pre-parallel.

R = MW (1137);    S= MM (986)

Short term: decline

On a daily basis, Bollinger bands spread is expending. The status for our 7 / 23 days moving averages is a bearish no-crossover. With the weekly pattern no bear trend could develop.

 Idea: lower as long as our MACD is not oversold

Bet: as long as MD = resistance, a rise is only a technical recovery

R = MD (1160)                     S= MM (986)

Conclusion:  with a bearish no-crossover as a status for our quarterly MACD, LY could be a target.

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. The collapse in progress could amplify. 500 and LY are our next supports.

On a quarterly basis, Bollinger bands spread could increase with a new decline. The bearish dynamic for our 7 quarters moving average is always in progress. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages (in 2002, the crossover was a bearish B type). With a bearish non-crossover for our stochastic (end of Q4) a collapse towards LY is expected.

 On a monthly basis; a bearish parallel pattern is in progress as long as MM proves to be a resistance (end of period).

Idea: a yearly bearish divergence is the status for our stochastic and MACD. The correction of the XX century bullish trend is in progress => bear trend for one decade or more.

R = below MM (1052, at the close), MQ (1225);    S = LW (878), 666 (current low), 500, LY (189)

Medium term: higher?

On a weekly basis, Bollinger band spread is not minimal. A weak bullish non-crossover is in progress with our 7 / 23 weeks moving averages. As long as MW proves to be a support, a decline is only a technical move. A new bear trend will develop only with a bearish A type crossover for our 7 / 23 weeks moving averages. With an overbought status for our MACD, MW could be a first target.

Idea: moving averages signal is stronger than MACD one.

R = MQ (1225);    S= MW (1001)

Short term: without trend

On a daily basis; UD / LD spread is not minimal. LD should act as a main support. Above MD, UD is our next objective.

Idea: nothing to do.

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. The collapse in progress could amplify. 500 and LY are our next supports.

On a quarterly basis, Bollinger bands spread could increase with a new decline. The bearish dynamic for our 7 quarters moving average is always in progress. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages (in 2002, the crossover was a bearish B type). With a bearish non-crossover for our stochastic (end of Q4) a collapse towards LY is expected.

 On a monthly basis; a bearish parallel pattern is in progress as long as MM proves to be a resistance (end of period).

Idea: a yearly bearish divergence is the status for our stochastic and MACD. The correction of the XX century bullish trend is in progress => bear trend for one decade or more.

R = below MM (1052, at the close), MQ (1225);    S = LW (872), 666 (current low), 500, LY (189)

Medium term: higher

On a weekly basis, Bollinger band spread is not minimal. A weak bullish non-crossover is in progress with our 7 / 23 weeks moving averages. As long as MW proves to be a support, a decline is only a technical move. A new bear trend will develop only with a bearish A type crossover for our 7 / 23 weeks moving averages.

Idea: bullish non-crossover for our MACD.

R = MQ (1225);    S= MW (995)

Short term: bullish (without ATDMF pattern)

On a daily basis; last week, Bollinger bands spread was not far away from its minimal level. No bullish ATDMF pattern could develop for the week ahead. As long as our MACD is not overbought, the rise in progress will continue.

Idea: bullish non-crossover for our MACD.

R = MQ (1225)                     S= MD (1067)

Conclusion: towards MQ (1225) or above, as long as our 7 / 23 days moving averages is not in a bearish A type crossover pattern.

Position:

Previous: buy a call 1200 or 1300 June or September 2010

In progress: hold long and add positions.

Next: see Conclusion.

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. The collapse in progress could amplify. 500 and LY are our next supports.

On a quarterly basis, Bollinger bands spread is always expending and could increase with a new decline. The bearish dynamic for our 7 quarters moving average is always in progress. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages (in 2002, the crossover was a bearish B type). With a bearish non-crossover for our stochastic (end of Q4) a collapse towards LY is expected.

 On a monthly basis; a bearish parallel pattern is in progress as long as MM proves to be a resistance (end of period).

Idea: a yearly bearish divergence is the status for our stochastic and MACD. The correction of the XX century bullish trend is in progress => bear trend for one decade or more.

R = below MM (1051);    S = LW (865), 666 (current low), 500, LY (186)

Medium term: toppish

On a weekly basis, Bollinger band spread is not minimal. A weak bullish non-crossover is in progress with our 7 / 23 weeks moving averages. If UW / PW act as a resistance, a bearish non-crossover will develop with our stochastic. MW will be our first objective. Above UW, the up trend will be the main trend.

Idea: towards LW if MW fail as a support.

R = PW (1080.2), UW (1093.1);    S= MW (979), LW (865)

Short term: UD / LD spread could be minimal soon

On a daily basis, Bollinger bands spread is not far away from its minimal level. If PW act as a resistance, a bearish pre-parallel pattern could develop at the end of October. Otherwise; if LD proves to be a support and MD fail as a resistance, the rise in progress will continue. 

Idea: new high if MD proves to be a support.

R = UD (1078.4), PW (1080.2)        S= MD (1054.4), LD (1030.4)

Conclusion: as long as MM (1051) proves to be a resistance at the close, the rise in progress is only a technical rally in a long term (year (s)) bear market.

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. The collapse in progress could amplify. 500 and LY are our next supports.

On a quarterly basis, Bollinger bands spread could increase with a new decline. The bearish dynamic for our 7 quarters moving average is always in progress. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages (in 2002, the crossover was a bearish B type). With a bearish non-crossover for our stochastic a collapse towards LY is expected.

 On a monthly basis; a bearish parallel pattern is in progress as long as MM proves to be a resistance (end of period).

Idea: a yearly bearish divergence is the status for our stochastic and MACD. The correction of the XX century bullish trend is in progress => bear trend for one decade or more.

R = below MM (1050.8);    S = LW (857), 666 (current low), 500, LY (186)

Medium term: rise?

On a weekly basis, Bollinger band spread is not minimal. A weak bullish non-crossover is in progress with our 7 / 23 weeks moving averages. As long as our MACD is not overbought (end of a week), the rise in progress could continue.

Idea: towards MW with an overbought status for our MACD and towards LW if MW fails as a support.

R = MM (150.8);    S= MW (971.95), LW (857)

Short term: towards LD

On a daily basis, Bollinger bands spread is not minimal. A bearish A / B type crossover could be the status for our 7 / 23 days moving averages. A bearish non-crossover is in progress with our stochastic and MACD. LD will be our next target. As long as LD proves to be a support, a decline is only a technical correction.

Idea: bearish pre-parallel pattern in October.

R = MM (1050.8)        S= LD (1010)

Conclusion: as long as MM (1050.8) proves to be a resistance at the close, the rise in progress is only a technical rally in a long term (year (s)) bear market.

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. The collapse in progress could amplify. 500 and LY are our next supports.

On a quarterly basis, Bollinger bands spread increase. The dynamic for our 7 quarters moving average is strong and will increase for 3 periods or more. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages (in 2002, the crossover was a bearish B type). Before next Q1, with a bearish non-crossover for our stochastic a collapse towards LY is expected. On a monthly basis; a bearish parallel pattern is in progress as long as MM proves to be a resistance (end of period).

Idea: a yearly bearish divergence is the status for our stochastic and MACD. The correction of the XX century bullish trend is in progress => bear trend for one decade or more.

R = below MM (1065.3);    S = LW (844.13), 666 (current low), 500, LY (186)

Medium term: like a bullish pre-parallel pattern in June 09

On a weekly basis, Bollinger band spread is not minimal. A weak bullish non-crossover is in progress with our 7 / 23 weeks moving averages. Next week, this status will be the same for our stochastic and MACD. As long as MW acts as a support, the recovery in progress could continue or amplify towards or above MM.

Idea: towards LW if MW fails as a support 

R = MM (1065.3);    S= MW (947), LW (844)

Short term: Bollinger bands spread is minimal

On a daily basis, Bollinger bands spread is minimal. A bullish non-crossover is the status for our 7 / 23 days moving averages. With a new rise next Wednesday a bull move will develop. As long as LD proves to be a support, a decline is only a technical correction.

Idea: focus on Wednesday trend.

R = MM (1065.3, at the close) ;       S= LD (982)

Conclusion: as long as MM (1065.3) proves to be a resistance at the close, the rise in progress is only a technical rally in a long term (year (s)) bear market.

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. The collapse in progress could amplify. 500 and LY (182.74) are our next supports.

On a quarterly basis, Bollinger bands spread increase. The dynamic for our 7 quarters moving average is strong and will increase for 4 periods or more. A bearish A type crossover is in progress with our 7 / 23 quarters moving averages (in Q2 2002 it was a bearish B type crossover).Since the end of March 08 a bearish divergence is the status for our MACD. This is the status for our stochastic since December 2007.  The bear move is in progress for 3 quarters at least.

On a monthly basis; a bearish parallel pattern is in progress for some months (4 to 15?). 500 and LY (182.74) are our next targets. 

Idea: with a bearish non-crossover for our stochastic, correction of the XX century bullish trend => bear trend for one decade or more.

R = PM (988.33), MM (1162.7);    S = 666 (current low), 500, –

Medium term: without trend

On a weekly basis, Bollinger band spread is not minimal (until July?). If Bollinger bands are flat when prices = UW, the technical recovery will be over. A weak bullish A type crossover is in progress with our 7 / 2 3 weeks moving averages.  UW (943.77) is our next objective.

Idea: with the monthly trend, UW is a very strong resistance.

R = UW (943.77);    S= MW (829.34).

Short term: towards UW (943.77).

On a daily basis, Bollinger bands spread is thin but not minimal with the MD trend. Our 7 / 23 days moving averages are bullish. With the weekly trend, a bullish ATDMF pattern is unlikely. Below MD (866.95) a decline towards LD (821.75) is likely.

Idea: rise as long as MD (851.23) = support.

R = UW (943.77);      S= MD (866.95).

Conclusion: as long as UW (943.77) proves to be a resistance (at the close), a rise is only a technical recovery in a medium / long term bear market.