LOL!

Thanks to brophy from BPT for this!

Indices weekly performance

Gas

The price of gasoline continues to drop. Over the past 19 weeks, the average price for a gallon of unleaded has declined $2.22 per gallon. That works out to a decline of 54%. It is interesting to note that most gasoline price spikes were a result of Middle East crises and often preceded or coincided with a US recession.
-StockTiger.com

Bailout

Monday

Monday should be an interesting day in the market. I am looking for the S&P to test the top of the channel and fail into a wave b pullback..which should retrace 32-50%...that is your opportunity to get long for the wave c up to 1007 area...if we break that we may have bottomed. Although I believe we have another push down coming...but this rally could have legs for a few months. We will see...just dont forget to "hit the bid" when you have some nice profits
Absolution

Newsletter

Here is a link to a great free newsletter:
http://www.incrediblecharts.com/tradingdiary/2008-11-29.php
Absolution

S&P Chart

Here is a chart of the S&P 500 with some support and resistance lines. We look to be coming up to a major resistance line. This is wave 4 of 5 major waves. We should look for an a-b-c wave..we are in a...buy the b pullback and short the top of c. Then we will enter wave 5 down.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=7&dy=0&id=p08670055748&a=155693267&listNum=39

Absolution