Tuesday, October 19, 2010

Update On SLV and SP-500

Forks Just Work!

SLV (Adjusted Fork)
  • Close Below 22.50 would start to be bearish
  • If the mid-line is broken, a top is most likely in for the medals (For the Moment)
  • Wait for the Fed to PRINT MORE MONEY

SP-500 (Adjusted Fork)



  • Looking like a top is in (WE WILL SEE)
  • Close Below 1166.00 would start to be bearish
  • If Fed does not print north of 500 billion (AGAIN) market will most likely sell off
  • Even if the fed does bail the economy out again, as soon as they stop printing, it will get ugly!
  • PRINTING MONEY BUYS TIME, DOES NOT FIX ANYTHING!