2008 Vs 2011 "Right On Track"

Right On Track

• March 2008 All Over Again?
• Time Will Tell

• Europe Fixes Debt Problem With More Debt!
• How Could That Work?
• If We Are In The Same Trend As 2007-2009
• Markets Will Get Very Bumpy Early Next Year
• Something To Keep An Eye On
• NO MATTER IF YOU ARE A BULL OR BEAR TRADE WITH STOPS

DOW Leading The Way!

• This Chart Main Reason I Believe In The Pitch-Fork Trading Method
• Called Both Bottoms Right On The Line
• High Break Above 12,400 Could Give The Bulls New Legs
• Hard Stop @ 12,400 Could Send The Dow Back To The 10,000 Level
• Important Line To Watch
• Major Break @ 12,400 Will Move To S&P 500
• Will Be An Interesting Ride Over The Next Year

Just Follow The Fork, Not The Hope

DJ-Weekly

• Make It Simple, Follow The Fork Tell It Says Different
• Called A Short Term Bottom At 10,400
• Market Could Rally Tell High End of The Fork -12,000 Range Before Heading Lower
• Major Break Above 12,250 Could End The Bear Fork
• Watch The 50 Week Moving Avg. 11,875

Hope Rally!

SP-500 Weekly

• Looking At Past Forks
• SP-500 Is Playing Out The Same Pattern As 2008
• If SP-500 Can Break 1230
• Market Could Head To 1300+
• Much of The Rally Has Been off Hopes Of Europe Bailout Fund
• If The Market Can Not Break 1230
• Market Could Head To 1040 Before A Late Year Rally Into A Crash Next Year
• Only 3 Things Could Buy Time
• QE3 "Which Is Already Under Way"
• Another Stimulus Bill 
• EFSF Fund Gets Much Bigger
• Time Will Tell

S&P Update

S&P Weekly

• Watch 1162 Level
• Break Above Is Bullish
• Lows Could Be In For The Year
• No Break On 1162 Level Would Send The Market Lower
• Comes Down To Jobs Numbers Tomorrow
• Market Is Looking For +60k
• Most Likely Will Come In 0 - 45k
• Keep In Mind NOTHING GOES UP OR DOWN IN A STRAIGHT LINE

Will The Markets HOLD?

SP-Weekly

• Still In Trading Range
• Break Below 1110 - Very Bearish
• Bulls Need A Strong Jobs Report Friday (Good Luck)
• If There Is A Large Break Below 1110
• 1040 Will Be In Play
• Need To Watch The Banks!

XLF-Weekly

• Still In A Trading Range As Well
• 11.70 Is The Line In The Sand For The Bears
• Big Break Below 11.70 = Free Fall Mode

Key To The Market Is The Banks And Europe.

Will Update Wednesday