Thursday, July 21, 2011

Bulls Come Back

Much Has Happened Since I Have Been Out Of Town:

  • New Greek Bail Out - Which buys Time
  • No QE3 Yet - But Hints of It
  • Debt Deal Needs To Be Reached By Sunday 7-31
  • Will Come Down To The Last Min
  • Bet We Will See It Go Into Monday 8-1

Lets Update The Forks And Post The Charts!

SP-500
  • Fork Called The Top At 1356
  • Break Above 1354 Now Would Break The Bear Fork
  • Debt Deal Soon? Not Soon The Fork Says NO!
GLD
  • Fork Called The Bottom At 143
  • Break Below 147 Could End The Bull Run
  • Bulls Fork Still Holding Strong