Monday, May 23, 2011

Break Down?

SP- 500 Weekly
  • Need To Watch The Lower Part of The Bull Fork
  • Close Below 1310 Would Show Market Is Breaking Down
  • Close Below 1300 Would Be Very Bearish
XLF Weekly
  • XLF Is Breaking Down
  • In A Major Bear Fork
  • Banks Will Lead The Market Lower, If They Do Not Turn Around Fast!
No QE? Then Watch Out Below
  • Consumer Can Not And Will Not Hold Up The Market
  • The Fed Has Kept Us A Float
  • Fed Has Off Set The Falling Consumer, But This Looks Like It Is Coming To End
What Could Happen When QE Is Done
  • In Short, NOT GOOD
  • Time To Be Smart With Money, Not Brave