CAC 40: wait early 2012

Publié par Philippe le 9 décembre, 2011
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Catégorie [ CAC 40 ]
Long term basis: lower
On a yearly basis,
stochastic and MACD could continue to be overbought for two periods or more.
On a quarterly
basis, LQ / UQ spread is maximal. A PEI is the status for our moving averages.
On a monthly basis;
for TAM tools, decline will continue and Bollinger bands spread continue to
increase.
Idea: lower as long as monthly
MACD is not oversold
Bet: lower.
R = MM (3625);    S = PQ (2533), 2003 low / LQ (2268), LY
(1115)
Medium term: neutral
On a weekly basis,
a close occurred above MW. A bearish no-crossover could be the next status for
our moving averages. A bullish no-crossover is the status for our MACD.
Idea: UW is a
strong resistance and LW is our main support
Bet: nothing to
do.
R = UW (3502);               S= LW (2744).
Short term: flat
On a daily basis, UD
/ LD spread is a reference one. TAM tools are neutral.
Idea: UD is a strong resistance and MD is our first
support
Bet: nothing to do.
R = UD (3278);    
S= MD (3041), LD (2803)
Conclusion: wait
early 2012.
Happy new year
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