Dow, S&P, Gold, US Dollar, Crude Oil, AAPL, GOOG Technical Analysis and Elliott Wave Counts

Overview:

On 2.9.10 I said:

"The stock market is rallying on solid breadth ratios as I write and
at least somewhat higher prices are likely."

and

"This pattern allows for a corrective rally to 1100-1120 and then a major turn
to the downside."

We are up about 30 S&P points from there (1100 high today).
The S&P should find resistance near 1100-1106 and then 1120-1125.
I favor it will fail near one of those levels and head much lower. A solid push
above 1125 breaks the short term bearish pattern and suggests
1160 will be tested.

Gold and Crude Oil may make one more new high, but remain
longer term bearish. It looks like the Dollar has bottomed and
higher prices are coming after a possible short term corrective
decline.


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[BBCcashville]

thanks... keep it coming.

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Thank you!