MDA - Market Direction Analysis

[ergo sum]

HK2

Thanks for the charts as they are about all I have time to review these days. In the local circle of friends things seem to be getting worse on the jobs side. Fundamentally the market is over extended but generally earnings seem to be stabilizing. Check out VZ, big telecom seems to be turning, moving into WI FI. The government seems about to realize they need to upgrade. CTSH is making multi-dollars moves, though it is thinly traded and I think will correct here.
The consumer has been given one more chance by the FED to make it through Xmas but that I think is about all. So the question now is will business and the government kick in or will this economy go down the drain.
Or can the 50 SMA make it over the 100 SMA and does the 200 SMA above offer resistance?

Thanks
Ergo Sum