Trader Update -data point 12 January 2011-

                                                                  
Trader Update -data point 12 January 2011-

...the SPX 500 eclipsed the January 6 High *1278 in a decisive break-out, on track towards the *1300 Psych Barrier with current *1314 upper resistance looming overhead on the 3-mth daily trading set-up

...a sharp pull back is expected in the *1300/*1314 range, tolerating irrational exuberance up to *1344 before hedging a fully invested portfolio to 100% (+)

...shake-out target: *1186

Kind Regards