WHO WILL BREAK? SP-500 Vs UUP

SP-500 (Weekly)

• Watch Mid-line (1200)
• Break There - Bulls Have Room To 1212
• Santa Rally Could Get The Market To 1260 Range (If There Is One)
• All News Is Based On Rumor
• Rally Today Is Much Like The Ones Is The Past
• Does Not End Well In The Long Run

UUP

• UUP Still In A Bull Fork
• Break Below Mid-line Would Be Bullish For SP-500
• Break Below 21.80 - Large Rally Would Be Underway For The SP-500

QUICK NOTE

DO NOT COUNT THE BULL OUT YET!

• Large Amount of Bearish News Out This Weekend
• Markets Have Had a HUGE DOWN WEEK
• Time For A BOUNCE
• 1180 -1212 Range
• Note All News Is Based On Rumor For The Bulls
• IMF BAILOUT OF ITALY
• Where Will They Get The Money?
• U.S. All Ready Stated No More Money From them
• Watch The Range of The Fork, And Hold ON!

Weekly Update - SP-500 & BAC

SP-500 (Weekly)

• Break Down Continues
• All Moving Averages NOW BROKEN
• Bulls Need A Break Above 1180
• Bears Need A Break Below 1140 
• Small Bull Fork Still In Play
• Major Break Below 1140 Would End Bull Fork
• Major Fall-Out Could Be Near
• DANGER ZONE - Now - March

BAC (Weekly)

• BAC Could Go To ZERO!
• Break Below $5 Would Open The Flood Gates For The BEARS
• Bulls Need A Break Above $5.50 & FAST!
• Does Not Look Good For BAC or ANY BANK

Leverage + Leverage + Debt = NOT GOOD

Bull Taking A Break Or Tapping Out?

SP-500 Weekly

• Forks Our Telling Us To Be Careful, No Matter If You Are LONG or SHORT
• Rally Could Find Legs Latter This Month BUT Watch The Range
• BEARS Want A Break Below 1161
• Next Support Would Be 1097
• Break Below Both These Levels Could Bring Papa Bear Out!
• BULLS Want 1216 (100 WMA) To Hold
• Next Major Support 1197
• If Neither Hold
• 1161 Is The Line!

• Markets Starting To Break Down Due To:
• Bond Market Not Buying The Bail Out
• Greece Cannot Collect Any Tax's 
• Greece Wants To Put Bailout Package To A Vote
• Portugal And Italy Starting To Follow Greece
• I Believe They Will Within 3-6 Months Time (If Not Sooner)

Crazy Ride Ahead - That Much Is For Sure