Long term: below MQ?

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark. But our stochastic is overbought.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought. If MQ fails as a support, PY / LQ is our next objective.

On a monthly basis, UM / LM spread is under the 2005 level and is expending. A bearish no-crossover is the status for our MACD. A type A is the status for our moving averages.

Idea: monthly MACD as a leading indicator

Bet: focus on UM trend.

R= MM (1644.6);    S= MQ (1327), PY (818), LQ (716)

Medium term: bearish pre-parallel

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

Idea: use parallel rules

Bet: a PEI could be the status for our MACD.

R= PW (1502.5);   S= see long term analysis (UM trend)

Short term: neutral

On a daily basis, as long as our stochastic is not overbought, the recovery in progress could continue.

Idea: focus on daily M7

Bet: rise above 1488.13 and decline below 1440.52.

R= 1488.13, PW (1502.5);   S= 1440.52, daily stochastic overbought, LD (1344)

Conclusion: technical recovery as long as PW proves to be a resistance.

LQ devrait servir de support.

Renseignements : atdmfcahen@yahoo.fr

Long term: towards MQ

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought. LM should fail as a support, MQ is our next objective.

On a monthly basis, UM / LM spread is under the 2005 level. A bearish no-crossover is the status for our MACD. The status for our moving averages will be a type A.

Idea: monthly MACD as a leading indicator

Bet: as long as our monthly stochastic is not oversold, MQ is our main objective.

R= MM (1661);    S= 1520 support, MQ (1332), PY (818) if quarterly MACD  is not oversold on MQ.

Medium term: bearish?

On a weekly basis, if the status for our stochastic is overbought, a PEI will be the status for our MACD. Then a sell-off will develop.

Idea: use our weekly MACD as a leading indicator

Bet: Bearish as long as PW= resistance. Technical recovery as long as MW= resistance.

R= PW (1613.7), MW (1638.8);   S= current low (1540)

Short term: a type II could develop

On a daily basis, UD / LD spread is expending. A PEI is the status for our MACD.

Idea: bearish trend with a PEI as a status for our moving averages

Bet: UD trend will continue to rise.

R= MD (1617);   S= 1540, —

Conclusion: only a technical recovery as long as MD= resistance.

Long term: towards MQ

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought. LM / PQ should fails as a support, MQ is our next objective.

On a monthly basis, UM / LM spread is under the 2005 level. A bearish no-crossover is the status for our MACD.

Idea: monthly MACD as a leading indicator

Bet: as long as our monthly stochastic is not oversold, MQ is our main objective.

R= MM (1662);    S= LM / PQ (1555), MQ (1334)

Medium term: weak

On a weekly basis, our stochastic is oversold. As long as PW proves to be a resistance, the rise in progress is only a technical recovery.

Idea: use our weekly MACD as a leading indicator

Bet: weak as long as MW= resistance.

R= PW (1619), MW (1648.6);   S= LM / PQ (1555),

Short term: without trend

On a daily basis, TAM tools are neutral.

Idea: use our daily stochastic as a leading indicator

Bet: weak if MD fails as a support.

R= UD (1617);   S= MD (1594.9), LD (1574)

Conclusion: weekly technical recovery above PW (1619)

Long term: towards MQ?

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought. If LM fails as a support, MQ is our next objective.

On a monthly basis, next month, UM / LM spread will be under the 2005 level. A bearish no-crossover is the status of our MACD. If LM fails as a support, a bear trend could emerge.

Idea: focus on PM and UM trend

Bet: MQ as a support, is it a really stupid question?

R= MM (1672);    S= PQ (1555), MQ (1300)

Medium term: a bearish parallel in March 2013?

On a weekly basis, no bearish parallel could develop in February. In March, no NEI will be in progress.

Idea: use our weekly MACD as a leading indicator

Bet: weak as long as MW= resistance.

R= MW (1692);   S= PQ (1555),

Short term: lower

On a daily basis, Bollinger bands spread is expending. No PEI is in progress with TAM tools.

Idea: use our MACD as a leading indicator

Bet: Paradise for CFD traders.

R= MD (1661);   S= current low (1598), MACD oversold

Conclusion: lower without bearish pattern.

Long term: a technical correction is not ruled out

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought.

On a monthly basis, a bearish no-crossover is the status of our MACD. A bullish no-crossover is the status of our moving averages.

Idea: end of the bull trend if MQ fails as a support

Bet:  LM is our main support.

R= UM (1787);    S= PQ (1555), MQ (1301)

Medium term: weak

On a weekly basis, Bollinger Bands spread is a reference one. TAM tools will stay weak for some periods.

Idea: use our MACD as a leading indicator

Bet: weak as long as MW= resistance.

R= MW (1703);   S= LW (1627), LM (1560)

Short term: lower

On a daily basis, Bollinger bands spread is minimal. No PEI is in progress with TAM tools.

Idea: use our MACD as a leading indicator

Bet: nothing to do.

R= MD (1674);   S= LW (1627)

Conclusion: lower without a bearish pattern.

Long term: a technical correction is not ruled out

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought.

On a monthly basis, the bullish parallel pattern is over since May 2012. A bearish no-crossover is the status of our MACD.

Idea: end of the bull trend if MQ fails as a support

Bet:  LM is our first target.

R= UM (1799);    S= LM (1534), MQ (1301)

Medium term: neutral

On a weekly basis, Bollinger Bands spread is a reference one. TAM tools are up and down.

Idea: use our stochastic as a leading indicator

Bet: within two weeks, a main trend could emerge.

R= MW (1715);   S= LW (1639)

Short term: without main trend

On a daily basis, a bullish no-crossover is the status for our stochastic and MACD.

Idea: use our stochastic as a leading indicator

Bet: our stochastic and MACD could be overbought tomorrow.

R= UD (1680.5);   S= MD (1662.3), LD (1644.1)

Conclusion: wait.