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Thursday, December 17, 2009

Thursday


Just as I said we passed though the kumo in the weak spot this morning.
The Fork has contained the Price
Bears averted the weak spot in the Kumo at the last hour today.
Ichimoku is neutral.
MoneySpy Bearish but indicating a possible low.
PPC remains Bearish

Closed right at the 62% Finonacci. Retrace tomorrow? Probably.
A strong Kumo sits overhead at 1002.49 SPX
As long as the fork and Kumo are not seriously violated we may see an EW 3d

Weakness in the Kumo. Otherwise good resistance above at 1102.49 SPX





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