8/02/2011: The market turned down with major sell off for the last week, however we are still bullish at least for the short term. We expect the market to continue its consilidation with break to the upside from the current range. After this recent shakeout a sustained swing up to higher level is expected. Current support level at 1241. Short term trend continues upward. Medium range target dropped down to a goal of 1380.
7/25/2011: We are very bullish on this market at least for the short term. We expect the market to continue its consilidation with break to the upside from the current range. After this recent shakeout the market will have a sustained swing up to higher level. Short term trend continues upward. Medium range goal is 1390 and higher.