Fed was wrong then, are they wrong now?

Fed in 2005

• Go to 55 seconds
• Bernanke 2005: "A house price decline is a very unlikely possibility. Never happened on a nationwide basis"

• And yet so many believe him now...

VIX GOES BOOM! NOW WHAT?

VIX (Weekly)

• VIX still in a Bearish fork
• Break above 22 would be Very Bullish
• In small Bullish fork at the moment
• Stated was only good buy HERE
• VIX has had a great run, is it just the start or end?
• Will will know soon
• Fork says if you are long have stop in at 17.50

Gold in Trouble!

GOLD (GLD) Weekly

• Gold in Bearish Fork
• Break above 160 would be short term Bullish
• Next major support near 145
• Short term support near 150
• Have trailing stops in!

SP-500 To New Highs? Apple Finds Foot Hold...

SP-500 Weekly

• SP-500 still in strong Bullish Fork
• Break above 1529 could be VERY Bullish
• Only a break below 1400 would break the Bull Fork
• Markets are do for a pull back
• As long as the Fed is pumping in money, markets should hold....
• Note when QE stops working, markets will fall...HARD
• Best buy now would be the VIX

Apple (AAPL) Weekly

• AAPL finds short term foot hold
• Note: still in Bearish Fork
• Break above the dark blue line at 495 would be short term Bullish 
• Break above Mid-line at 525 would be very Bullish