Saturday, 8/11/12 update

The theme song for this last week was written in 1965 by the Rolling Stones: "Can't get no.....satisfaction".   Talk about DULL!!  The ES traded in a 16.50 point range for the entire week, 1403.75 was the high and 1387.25 was the low, everything happened between those two points.

  
Not a whole lot of information could be gained this week to support either the IT bull or bear alternates.   But the bull alternate has to given a slight edge here, if for no other reason than the bear alternate is running out of real estate.  The drop dead point for the bear alternate is at ES 1419.75, perilously close to current levels.

For current detailed charts and analysis click HERE.