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To: westpacific who wrote (5236)	1/7/2010 11:21:06 AM
From: Rarebird	Respond to of 26251

Brief Update: Risk vs Reward: SPX: Reward:(+15%); Risk:(-65%) Most Commodity Indices: Reward:(+30%); Risk: (-80%) In any case, the money continues to flow into stocks, sending them rising. The Midcap Index continues to float higher in its wave v advance. DJIA and SPX float along in what appears to be a wave iv consolidation ahead of the Employment (Lie) Report due out Friday morning. In the near term, the trend is up in stocks and the SPX money flow line broke out above its old high yesterday, confirming that the bulls are in control here. So far, this rally has been levitated by weakness in the dollar. But, the Euro has been very weak so far and has only moved sideways (outside of today thus far) after the big decline. Perhaps a final wave v rally in stocks will be enough to send the Euro up into the "normal" 38-62% retracement area that even severe bear markets will visit before heading lower.