Archived IMT (2010.08.11)

S&P500 BEARISH SIGNALS ON THE ALERT http://chart.ly/nkvmd9 as the inability to break above the 100-day quickly gave way to a plunge below the 200-day MA, a pattern that was last seen in mid June, before the 10% decline. The bearish signal would especially remain if we end the WEEK below 1,100. 5,250 in the FTSE-100 and 10,400 in the Dow-30 are also key support levels to watch for the week. 82.30 is the important 2-month trendline resistance meriting attention for the week.