Long term:  new bear trend in progress

On a yearly basis, Bollinger bands are down. A bearish no-crossover is the status for our 7 / 23 years moving averages. Our stochastic is overbought (next period, same pattern will develop with our MACD), the decline in progress should continue for four periods. 

On a quarterly basis, a bearish A type crossover is in progress with our 7 / 23 quarters moving averages. A bearish no-crossover is the status for our stochastic and MACD. A qualification into a bearish parallel is not ruled out.

On a monthly basis; a bearish parallel pattern is always in progress. A bearish no-crossover is in progress with our 7 / 23 months moving averages. The Bollinger bands spread is increasing. Stochastic and MACD are overbought. A collapse could develop before the end of 2010.

Idea: use monthly bearish parallel rules

Bet: a PEI could develop with our stochastic (bear trend)

R = PM (91);     S = 79.70 (Historical low), – - -.

Medium term: bear trend in progress

 On a weekly basis, a bearish A type crossover is in progress for our moving averages. A qualification into a bearish parallel qualification is in progress

Idea: towards MW if PW fails as a resistance.

Bet: next week, bearish no-crossover for our stochastic.

R = PW (82.36), MW (84.51);           S = LW (79.85)

Short term:  rise?

On a daily basis, UD / LD spread is minimal. A bullish no-crossover is in progress with our MACD. A bull pattern is unlikely wit a NEI on weekly moving averages.   

Idea:  rise as long as our stochastic is not overbought

Bet: decline below MD

R = PW (82.36);   S = MD (81.18), LD (80.59)

Conclusion: towards MW if PW fails as a resistance.