New Trading Systems - Think Tank

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Dec. 13th - Market Outlook - HOLD LONG IS THE SIGNAL - SPX looks very similar to July 2011 - Page 1 - Gold ABC down - GLD - 158 target - Bearish movement in the Russell, Dow and the Nasdaq

HOLD LONG IS THE SIGNAL - - We had the Russell 2000, Dow and the Nasdaq get above the high today and finish below yesterday's low, which is very bearish and usually marks a TOP... The SPX was close.. Apple had positive divergence yesterday so look for more weakness in that stock, which has a large weighting in the indexes. Apple's target is 400 with the breakin of the 'B' point which will confirm the ABC Down chart 2 pg.1. The QQQ has a bullish inverse Head and Shoulder pattern, which can be one of the strongest reversals patterns there is, but it could be a big Bull Trap. The US Dollar is still consolidating and for any reversal in the markets, it will need to go up. The 3 line cross on page 1, chart 1 is again in play with the 1438 Top and this may complete the head and shoulder formation that will take the markets down to 1176 SPX approx. We have seen the C point of the ABC Up with the dollar and a strong up move will do in the markets. Gold broke a bearish triangle after trading with the dollar for about a week which was a bearish break ready to happen. The ABC Down for Gold -GLD is on page 2. The 1,5,15,30 minute charts are more for intra day trading only. Gold charts are on page1 and page 12. AA

Dow - Hold Long above 13224 - Tradable Short below - Hold Short below 13070 __________ NYAD - Neutral Signal
SPX - Hold Long above 1425 - Tradable Short below - Hold Short below 1418 ___________ VIX - Neutral Signal
Comp - Hold Long above 3006 - Tradable Short below - Hold Short below 2996___________ NAUD - Neutral Signal
QQQ - Hold Long above 65.62 - Tradable Short below - Hold Short below 65.51 ___________ NYUD - Neutral Signal
RUT- Hold Long above 829 - Tradable Short below - Hold Short below 822