SP-500
- Nice Bounce Off Support
- Fed "No QE3 As of Now" Killed The Rally
- Then The Market Jumped 630 Points off The Lows Due To Short Covering, Big Funds Buying, HIT SUPPORT & The Market Was WAY OVER SOLD - Short Term
- With The Markets Moving So Fast All We Can Do It Look At The Forks
BEAR HAT
- The Market Stays In The Bear Fork
- SP-500 Does Not Go Past 1340
- Europe Keeps Falling Apart - Watch Greece, Italy, & Spain
- Washington Stays In Gridlock or Trillions More Get Cut From Government Spending = 1930's All Over
BULL HAT
- Market Breaks The Bear Fork - "Will Add Bull Fork When One Forms"
- QE3
- Jobs Start Being Created At 175k - 250k A Month
- Housing Starts To Recover
Keep In Mind Last Time Markets Where Like This Was 10/20/08
- Market Jumped 4.7%
- Six Months Later Market Was Down -13.7%
