6-19-2011 Market Indicator Status Update

Major Market Timing indicator #1:

Indicator #1 remains on “DOWN”, but is in an area where a new “UP” trend is likely to occur.

Major Market Timing indicator #2:

Indicator #2 remains on “UP”. The market has been “bouncing up & down” around the area (S&P 500 1288) where the “UP” was triggered. A decisive move below S&P 500 1248 would trigger a new “DOWN” and “stop loss” action.

In the last 3 years a major low for the year and the beginning of a new uptrend occurred in the S&P 500 in last week of June or first week of July. Given the recent 10% drop in the S&P 500, a repeat appears likely in 2011.