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I'm Bernie Mitchell. My Fibonacci Impulse Commentary, covering the stock market and Gold, has been published since the Fall of 1999, with around 20 issues per month currently being sent to 5000 devoted readers.

It primarily deals with timing the markets on a short/ intermediate term basis.

To expand my audience, I am making it available free to all readers.

Any third party who would be interested in publishing any content using these methods feel free to contact us.

Below are the most current issues.  Updated Roughly 4 to 5 times a week.

Bernie Mitchell
support@feargreed.com
480-393-0671

STRONGEST NEGATIVE MOMENTUM IN 5 WEEKS.
December 8, 2009

The decline began a little sooner than we thought, perhaps the result of the new EPA regulations announced late yesterday. Obama throwing a bone to the climate change crowd in Copenhagen?

With the strongest negative momentum recorded in five (5) weeks, the market will now need time to get its footing back, in order to build bullish momentum divergences.

So, a market that "backs and fills" over the next couple of weeks is the likely scenario.

A market that perfectly fits our strategy of building Price Improvement (PI) while waiting for a more significant decline.

I repeat from yesterday's Commentary, "We expect, at this point in time, the SPY will not go significantly lower than 107.17, or about a 4.6 percent correction from the high (112.38)."

In overnight trading we shorted SPY 111.26 and exited by going long ES futures 1102, equivalent to 110.70 for +.56, reshort in overnight 111.21 - - exited 109.90 for +1.31.

Look to reshort SPY 110.53 or ES 1099.75.

Maintain 112.66 Stop.

Short SPY points current series +5.72.
Long / Short SPY points (incl. all previous series 35 weeks 102.58).

Read what people have said about my method. TESTIMONIALS