Indice Nasdaq 100 7/11/2008

Catégorie [ Nasdaq 100 ]

Long term: bearish non-crossover for our yearly stochastic and MACD

On a yearly basis, a bearish non-crossover will be the status for our stochastic and MACD at the end of Q4. MY (1220) was our first objective. Now 1000 is our focus and 795 (current low) is a weak next target.

On a quarterly basis, the stochastic and our MACD are overbought. The next pattern for our 7 / 23 quarters moving averages could be a bearish A type crossover. Bollinger Bands spread is near its minimal level and LQ have a nice dynamic. If UQ is up at the end of Q4, a bearish T1 could be in hand. MQ (1662) is our main resistance. 795 is our next target if 1000 fails as a support.

On a monthly basis, a bearish non-crossover is in progress with our stochastic, MACD and for our 7 / 23 months moving averages. Bollinger band spread is not at its minimal level but the dynamic for each Bollinger band is very strong. As long as M7 is declining, UD (1410) is our main resistance and 795 is our first support.

Idea: bullish dynamic for UQ.

 

Medium term: bearish parallels pattern

On a weekly basis, a bearish parallels pattern is in progress. For our 7 / 23 weeks moving averages, a bearish non-crossover is in progress and the bearish dynamic will continue to improve over the next periods. The status for our stochastic and MACD is a bearish non-crossover. UD (1410) is our main resistance and 795 is an objective if 1000 fails as a support.

Idea: use bearish parallel rules.

 

Short term: Bollinger bands spread is minimal

On a daily basis, Bollinger bands spread is minimal. With a close below PD (1153) + bullish dynamic for UD + new low at the next period, a bearish T2 will be in hand.

Idea: a bearish ATDMF pattern could develop soon.

Conclusion: towards 795 or below if 1 000 fails as a support.