December 12, 2011 Possible Change

In my post of Dec 11 I mentioned "If the markets are moving down into Dec 21, 22 I will be looking for a reversal near these dates."

This may still be true, however, the reversal may be seen earlier in the week. December 19 has a 144 hour fib (see chart below) and December 20 as multiple longer term fib cycles. The following hourly chart of SPY shows the 144 hour fib from the Oct 4th low hits December 19. Remember this is an hourly fib and may not have the strength of longer term fib structure.
















Be on alert for a reversal early in the week as well.

Next week is also an 11 week low. See the following daily chart of the SP500. The red vertical lines are the 55 td or 11 week cycle low.












And to a special friend.

http://www.youtube.com/watch?v=QPoTGyWT0Cg