S&P close 981.25.

oil – dollar – gold; all seem to be trading on comments out of china vis-a-vis china’s committment to continued stimulus for domestic growth. As the dollar declines, oil and gold rise.

Long term – pressures still pushing up to the 1025 monthly target. weekly pressures fully extended up. next target 1015.

Daily – the long entry point at 938 set up 993 which was touched today. 1011 and 1045 are the next targets, but showing divergences here at these levels. 925 will start the down move.

intraday – a trade down thru 977 produces a price objective of 962-955. a trade back up thru 993 keeps this rally alive.

! watch your SDS’s. EP 48.24 > 50.19/52.13 – Stp @ 46.30