Look Out Longs! SPX Up Down Up Down Up Pattern Since 11-2 & 12-9-09

Look out longs! SPX (S & P 500, http://bit.ly/i0nsT) has an Elliott Wave up down up down up pattern since 11-2-09 (Wave 1 peaked in early November with a spike, Wave 3 peaked early December with a spike, and, Wave 5's peaking NOW) and 12-9-09, see http://bit.ly/i0nsT.

Follow me on Twitter, see http://twitter.com/tradethecycles. I'm looking for acceptable/fun/interesting/useful sponsors for my "Twitter Feed." Probably about $1000/month right now.

There's been a massive 3 day $11.799/$21.289/$15.065 Billion in Fed Credit/Quantitative Easing, see http://bit.ly/wQNYC.

Massive Quantitative Easing in recent months, liquidity injected into financial system, accounts for market strength recently. Bubbles Bernanke might be the Trade the Cycles Blog Goat of the Year in 2010. Stay tuned.

Exxon Mobil (XOM), by far the most heavily weighted SPX component (3.11%), has a bearish breakaway gap and an ugly chart, see http://bit.ly/6Dr79y

Get ready for the (short term bearish now) XOM (Exxon Mobil) Lead Indicator, see http://bit.ly/8wiAN2

VIX was down -7.56% vs SPX up +1.60% today, which is a VERY bearish indication for early tomorrow.

The five day SPX vs Lead Indicator Walmart (WMT) chart at http://bit.ly/4t6GS9 closed at bullish, since WMT's leading to upside by +0.50% to +0.99%.


.......http://www.JoeFRocks.com/