The longer term targets of 1346 remain in place.
time and trade pressures remain up. But time turns down in the last weeks of Feb.

Daily – in the move up to 1341. a trade below 1317 will signal a move down.
trade pressures are up and the time pressures are neutral to down.

 

the long term target of 1345 remains in place. time pressures are up and extended. the time pressures turn down in May 2011.

the daily short entry went to the first target of 1251.
this move up today triggered the long entry at 1294 and took out the recent high.
[always interesting to see the the pressure changes work.]
the next target up is 1310.
[update; the 1310 was reached and is now acting as support. the next target up is 1326.]

trade pressures are up and extended and the time pressures are up; they peak Feb 15th.

All the commodities and the dollar currencies have time pressures turning up near the end of January.

No change in the longer term upside targets of 1346.
weekly trade pressures are up and time pressures are down thru March 11.

Daily –  time pressures turn up on Jan 31st.  Trade pressures are down.
the short entry price of 1277 was met last week.  1257-1248 is the next target area down.
1299 will start the move up.

in the down move to 1219, w support at 1257.75.
downward time pressures end Jan 31st.

1303 starts the new up move.

the long term targets remain the same at 1345.

[Apple is down 3% on the Steve Jobs medical leave notice. but the dow and the s&p are up.]

the daily move is up. the time pressures are down and trade pressures are up and extended.
the next target up is 1310.
a trade down thru 1273 will start the move down to 1216 with support at 1245.

 

long term coincident upside targets at 1345 remain in place.  a move down thru 1075 is required to start a new leg down.
long cycle time pressures show up for the 2011 year; with shorter cycles showing downward pressures in the latter half of 2011.

Daily – still in the move up to 1358.
a retracement correction to 1200 would start with a move down thru 1257.  first support would occur at 1229.50
trade pressures are extended up and showing some divergence.
time pressures are down from the Jan 5th peak to Jan 31.

weekly  – the move up from 1136 remains in place with the next target as 1279.  a move down thru 1199 will signal a new move down.  Time and trade pressures are turning down thru late February.

Daily – the next target is 1263.  trade pressures are up but diverging.  all time pressures are up.
a move down thru 1235 signals a new move down. time pressures turn down Jan 5th.

the tax conversations sent the market to 1235 at the open then down from there.

the new short entry is 1215 to 1155 with support at 1195.
appears to be a pullback inside the longer term uptrend so support should hold.

trade pressures are down and time pressures about to turn up.
intraday showing over sold, so may have a bounce up first.

weekly  – next target up is 1285.
time and trade pressures are showing a move down into the year end.
1172 will signal a new move down.

Daily- testing the recent highs.  1240 is the next target up.
the extending of the income tax rates will give the market a lift; but watch the 1240 to see if stops there.
trade pressures have turned down. time pressures have turned up.
1207 will signal the move down to 1147.

Weekly –  has touched the 1172 short entry, but time pressures remain up while the trade pressures are turning down.

Daily – time pressures are down hard thru the 2nd of December.
is in the down move from 1204 to 1145;  the support area of 1176 is now being tested.

the retracement trade up has tested 1205 and found resistance.
risk remains to the downside especially if 1171 is taken out.