DJ- 30 UPDATE

DJ- 30

• Nice Bounce Off The Bear Fork Mid-line
• Is It Just A Bounce?
• Will Come Down To Jobs Number On Friday
• Do Not Think It Will Be Great
• Market Looking For 100k
• Lucky If We Get Half That
• Break Through Mid-line = 11,250 Could Happen Fast!

Just Follow The Forks

SP- 500

• Forks Knew ISM Would Be Bad
• Also Knew Debt Deal Would Not Be Done Last Week
• SP-500 Still In Large Bear Fork
• Break Above 1340 Would Start To Bullish
• Should See Some Life At 1230
• Break Below 1200 Would Suggest 1060 Could Be In The Cards
• Could Still Have One Last Rally Later This Year, Fueled By QE3

GLD

• GLD Still In A Bull Fork
• Break Below 150 Would Start To Be Bearish