2/4 Pre Market Update

2/4/11

7:06EST

Since last night; I’ve been trying to figure out;

how to write this update.

I don’t like writing these types of updates;

Meaning so extreme..

ESH11:

A strong sell on the ALL the time frames

Only reaching 1320.00 cancels out the now and immediate term sell

The sell signal indicates a bull stampede to the downside

Taking out everything until 1240.00 (1^st major stop) before continuing down

SPX:

A sell on the now, immediate and short term

No sell signal on the long term

1219.80 is the key level (to reach or not)

DJ-30:

Same as above

Silver:

Same as the ES

It must reach 30.00

In order to cancel out the strong sell signals

The ES is nearly 40% more bearish (potential down expansions) than the SPX

I had a very difficult time writing this update

Due to the fact the markets look so strong (upside)