1/26 11:45

I have the 2011 forecast page on the blog.
SPX at this point looks like a 3 wave up, irregular flat if it takes out 1291 on the downside.  DJI and XMI are 3 up as well and have already dropped below their wave 1(A) peaks.  XMI stalled at it's old high and exceeded it by less than half of a point.

Critical support has moved up to 11,907 and will only be broken by a decline of 160 points.

Gold is declining again and the target is 1307, a daily M/A.  The stop is 1339.60 but is moving down. A completed 5 down will take me out early.

The dollar has two hourly M/As (green and blue) with the first trigger at 78.23, good for a run to 78.38.