Red

SPY CHART
http://niftychartsandpatterns.blogspot.com/2011/01/spy-support-and-resistance-levels.html

Yes, it’s starting to look that way Richie. I don’t see a 150-200 point rally happening by the end of the day right now. Of course I could be surprised again, but I’m leaning toward a final rally up on Monday at this point.

by look of the day red, i think we get that monday gap up move to the DIA print. We are looking at something symbolic happening for 1/11/11. i think this date is too rare an event to have it be just another day. either it will be remebered as the top of the market before the biggest crash in history, or it marks some kind of watershed event.

ES Chart
http://niftychartsandpatterns.blogspot.com/2011/01/s-500-futures-before-opening-bell_07.html

I believe a nice report tomorrow will produce a nice gapper. To fade the gap or not is the question. This is 1 strong uptrend…………g.l.

here’s my best guess about JPM earnings.
If JPM is at 45.4 on Thursday—it’s earnings report better beat the street by 12% or it will hurt the market next Fri

Here’s a picture/article on Bear Grit: http://www.kansascity.com/2010/12/27/2545047/bear-man-actor-ed-corbins-brief.html

The Statue of 3 Lies reveals the truth

JPM reports next Fri morning—I imagine they had better report 1.05, (.98 is the estimate) or up goes FAZ, ( financial bear etf)

So when Congress says NO in march, DOW down 2000—I like it!

Shorted WYNN today—potential 90 -105 exit–starting my shorts now—for next weeks down cycle, or maybe the down cycle started today!