Thursday, August 19, 2010

SP-500 (Weekly) With LARGE Bear Fork In Play

Bear Hat


  • Very Large Bear Fork In Play Here! (Watch Out)
  • Break above 1112 would put the large bear fork in question
  • Larger Bear Fork down gives mid line target of 550-600
  • Chances of Large Bear Fork staying in play?
    • A major crash would have to take place soon
    • Possible with the economic data being very negative
    • Market would have to see the same selling as it did in fall 2008
    • Watch GDP on Aug 27th, below 1.5 would be VERY NEGATIVE