QUICK NOTE

DO NOT COUNT THE BULL OUT YET!

• Large Amount of Bearish News Out This Weekend
• Markets Have Had a HUGE DOWN WEEK
• Time For A BOUNCE
• 1180 -1212 Range
• Note All News Is Based On Rumor For The Bulls
• IMF BAILOUT OF ITALY
• Where Will They Get The Money?
• U.S. All Ready Stated No More Money From them
• Watch The Range of The Fork, And Hold ON!

Weekly Update - SP-500 & BAC

SP-500 (Weekly)

• Break Down Continues
• All Moving Averages NOW BROKEN
• Bulls Need A Break Above 1180
• Bears Need A Break Below 1140 
• Small Bull Fork Still In Play
• Major Break Below 1140 Would End Bull Fork
• Major Fall-Out Could Be Near
• DANGER ZONE - Now - March

BAC (Weekly)

• BAC Could Go To ZERO!
• Break Below $5 Would Open The Flood Gates For The BEARS
• Bulls Need A Break Above $5.50 & FAST!
• Does Not Look Good For BAC or ANY BANK