Market Summary Based on Market Close of 16-Feb-2010

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Market Summary Based on Market Close of 16-Feb-2010

Short Term Bulls vs. Bears Score System
Comments:Bulls had another good day today. Bears are now only 14 points. Just like any sports game, the losing team may gather a counter attack. Another good thing for the Bulls is that the intermediate term market mode is only a few points away to change to BUY mode. We shall see if bulls can gain back control in the intermediate term. Long term the bulls still have solid control.
Intermediate Term Market Mode
INDEX	CurrentMode	SignalDateandPrice	ModeChangePrice
DOW	SELL	21-Jan-2010at10389	Whendailycloseprice>10275modewillbeBUY
S&P500	SELL	21-Jan-2010at1116	Whendailycloseprice>1100modewillbeBUY
NASADQ	SELL	22-Jan-2010at2205	Whendailycloseprice>2241modewillbeBUY
Note: The "Mode Change Price" may change each day.This is as of 16-Feb-2010
Long Term ZigZag View of SPY
Comments: long term in UP TREND