GLD, EUR, And A Heads Up

GLD - Weekly

• GLD Breaking Back Into Bull Fork
• Break Below 169 Would Be Bearish
• Would Use That As A Stop Out
• Break Above 180 Would Be Bullish
• New Highs Would Soon Follow

EUR - Weekly

• EUR Still In Bearish Fork
• Break Above 1.34 Would Start To be Bullish
• If The EUR Breaks Out The Over All Market Will Follow

Not Buying It...

• Market Breaking Higher but Not The Financial Credit
• Something to Keep An Eye On
• Have Stops In Place

Push Move To New Highs OR MARKET CRASH

DJ-30 Weekly

• Bull Are Eating All The Bears Lunches
• For The Bulls
• Break Above 13,250 Would Kill Double Top Theory
• Next Stop above 13,250 would be TO ALL TIME NEW HIGHS (Thank You FED)
• For The Bears
• Break Below 12,700 Would Start To Be Bearish
• Next Stop Below 12,000 Would Be Very Bearish

SP-500 Weekly

• SP-500 Tells Different Story Then DJ-30
• Market Is Very Over Bought And Has Almost Gone Straight Up Since Bottom of The Bear Fork
• For The Bulls
• Break Above 1372 Could Send Market To New Highs
• For The Bears
• Need To Break Back Down Into Bear Fork = 1275

Lets Look At A Market Driver = AAPL

AAPL Weekly

• Would Short Near $620 - Yes It could Jump 100 points in a few weeks!
• Looks A Lot Like ( http://bearhatorbullhat.blogspot.com/2011/05/slv.html)

Take Away - Market Will Either Rally To New Highs Or Have A Sharp Down Turn.  Either Way - HAVE STOPS IN PLACE.