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Fear Not.  
because greater is He who is in you than he who is in the world market.
1 John 4:4
😉

I would like to share my SPX chart.
http://tinypic.com/r/10f4z2d/5

it contains a 70 week sma with one and two standard deviations.
there is no need IMHO, to be trip wired (in fear) of daily wiggles.

70 is a powerful, perfect number.
http://www.biblestudy.org/bibleref/meaning-of-numbers-in-bible/70.html

also, i’ve colored what is a possible Christmas rally, and subsequent decline into January.
this is assuming the current cycle.
(count the extreme lows, they are about 39 to 37 trading days apart).

-GG

Fear not ACP, I’m sure Bush and Clinton are working on the next one right now.

Video is very helpful Darah.  I look forward to watching them.

I sound like a broken record, but we still haven’t had an artificial disaster in a while.

Hi guys, check out http://thecompletecoveragereport.blogspot.com/, and i will be doing educational videos soon on the market, gold, silver, the $, and much more. By the way i enjoy reading this blog, you do a great job red.
Thanks,
Darah

False Break on the Bull Wedge

The neat part about this one is that the false break, an Egg embryo pop,
and the Bernoulli 177 support were all at the same place.   I went
seriously long.  Seriously enough that I was questioning my sanity on
Saturday.

Here is the prediction

 Here is the results (so far)

http://oahutrading.blogspot.com/2011/12/false-break-on-bull-wedge.html

Thinking I made a mistake putting on a long at Friday’s close.  Fortunately, it’s pretty small.  It seems channel resistance is very strong and also the 21 MA has been declining at a pretty fast pace and RUT failed to be pinned at resistance.

Looking for a test of 1216-1220 on SPX this week.  Not sure what will happen but I will make sure I’m strong short if 1216-1200 fails miserably since there’s a lot of thin air after that.

A nice little Alex Jones-Gerald Celente produced video on MF’er Jon Corzine, Joe Biden, and bank holidays:     http://www.sgtreport.com/2011/11/sgtreport-exclusive-celente-corzine-and-the-great-u-s-bank-holiday/

Disclaimer:  bank holdiays generally occur at market bottoms and until Europe collapses, I doubt there will be one.   Maybe if BAC approaches $1 a share but I am sure that would be accompanied by quite some hysteria in the markets and news.