Needs to exceed the size of this box

Google (Weekly) to prove a major reversal..

One really has to wonder if Google was the “canary in the coal mine (casino).” These are
back to back horrible weekly candlesticks. This is not yet the fastest/deepest correction
we’ve seen since the rally began, but it sure looks like the beginning of something more
ominous. The 562528 zone looks like the next area of support. GOOG is dealing with a
well developed uptrend line just below as well. Basically, this is a stock that needs to
stage a rally soon, or else there is a risk of a more serious decline to $447. 562

528

447

Andy’s Technical Commentary__________________________________________________________________________________________________

 a or w Dollar Index (60 minute)
-c-
(5) This morning’s powerful burst suggests even more upside for the DXY. The
78.45
(a)=(c) target is 77.68. The 161.8% of (a)=(c) is 78.14, a more likely target
given the pace of the recent bounce.

-b- -d-

(c)/(3)

(a)/(1)

-a-

-c-

(b)/(2)

76.67
-e-
x

Andy’s Technical Commentary__________________________________________________________________________________________________

 S&P Futures (60 minute)

[2]

[4] This count suggests an 1,118 target for an (a)=(c) target. Taking out the long
awaited support at 1,127 would be a good step forward for the bulls.

[1]

(2)/(b)

[3]

[5]
(1)/(a)

Andy’s Technical Commentary__________________________________________________________________________________________________

 Ten Year Note Futures (Daily)

The 10 Yr. Note took out a nice resistance level last week, which now becomes important
short term support. Despite the fact the longer term picture is bearish, this market is clearly
in an uptrend for now. Bulls seem to be OK as long as they can keep it above 116’27. The
next test for bulls would come at the 118’05 level.

118’05

116’27

Andy’s Technical Commentary__________________________________________________________________________________________________

 DISCLAIMER WARNING DISCLAIMER WARNING DISCLAIMER

This report should not be interpreted as investment advice of any kind. This report is technical
commentary only. The author is NOT representing himself as a CTA or CFA or Investment/Trading
Advisor of any kind. This merely reflects the author’s interpretation of technical analysis. The
author may or may not trade in the markets discussed. The author may hold positions opposite of
what may by inferred by this report. The information contained in this commentary is taken from
sources the author believes to be reliable, but it is not guaranteed by the author as to the accuracy
or completeness thereof and is sent to you for information purposes only. Commodity trading
involves risk and is not for everyone.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading:
Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND
RISKY BUSINESS. Before you invest any money in futures or options contracts, you should
consider your financial experience, goals and financial resources, and know how much you can
afford to lose above and beyond your initial payment to a broker. You should understand commodity
futures and options contracts and your obligations in entering into those contracts. You should
understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk
disclosure documents your broker is required to give you.