|S&P End of Month - December 2011|
We were studying this chart for October and November this year. Last month we estimated that the 1285 level EOM December is what the long term Bear would throw in the hat at ..... The closing for this month is only 1258. S&P can continue to make more attempts at breaching the channel's bottom - however the Bears would be impressed only if 1303+ happens to be the closing for Jan 2012.