Some charts as of 1st Jan 2011: Still Bullish but waiting to take profit

Dear all, Happy New year, it's been a while since I wanted to share my passion and views of the market. 

Some of you are aware of my last few major calls on the market (long in 2003 , sell -too early- in 2007, buy (Asia Pacific Ex JP in Feb 2009). The next big call is when to sell/short?

The views expressed are only based on 20 years Technical Analysis experience as Equity Sales at Merrill then market strategist with an Hedge Fund; no fundamental analysis. Below S&P, Nikkei, and Eurostoxx on the second page

S&P 500 Monthly chart, the next three months view: Stay long , target 1400

Still on upward trend, slight overbought. 
Market broke the last Fibo retracement level (68%/1220) of the 2007-09 fall, so the next long term target is 2009 top (1550)
Support: The 68% Fibo 1220
On one week view, Stoch/MACD shows overbought triggered. Index is to correct and test 1240-50.

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Nikkei, next three months: Long, target 11300

Oversold, with positive signal triggered on Stoch/MACD with target 11,300 target

However on three-four weeks view, market is overbought,  with 10,100 support.

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