Monday, August 1, 2011

Just Follow The Forks

SP- 500
  • Forks Knew ISM Would Be Bad
  • Also Knew Debt Deal Would Not Be Done Last Week
  • SP-500 Still In Large Bear Fork
  • Break Above 1340 Would Start To Bullish
  • Should See Some Life At 1230
  • Break Below 1200 Would Suggest 1060 Could Be In The Cards
  • Could Still Have One Last Rally Later This Year, Fueled By QE3
GLD
  • GLD Still In A Bull Fork
  • Break Below 150 Would Start To Be Bearish