Chrysler or NOT

Wow, what a battle with Chrysler !!
will it show up on the big board as a draw down?
BUT
Futures are not wavering so far at 9am, still up about 100 dow pts
Chrysler announcement now at NOON today
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Kenny's charts ABOVE indicate some weakness dead ahead but nothing dramatic,
and I tend to agree - internals are indicating the next move should be down
but the market still appears to be challenging the spx 878 Murrey math level
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So far they have attempt twice to get above spx878, and both times have been set back.
836 was the previous low, and now we might look at 847 for near term support
assuming we fail to hold above spx 878
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I have previously proposed May18th for a major high, and that still stands,
but in between there is some volatility that needs to be worked out

that brings to today's update
propensity index has potential to top out at open drop back and try again at 3pm -
almost a repeat of yesterday
but it shows tomrrow as a DOWN till at least mid day and the power index agrees
Astro for noon has a negative moon # pluto and could be the LOD.
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Monday and Tuesday next week represent 108 & 109 tr days from Nov 20,
and should set a short term low
the readings for both days also agree with that

Yesterday's late sell off after 2:45 met with the 258 bar cycle low which appears
to have been about 30 minutes late, which is unusual, but looking back at Tuesday
we see the 180 bar low also was 30 minutes late- what does that do for 90 bars @ 4pm today?
Not sure but its scheduled for today's close and the propensity index seems to agree with a late
sell off.

we''ll see how the Chrysler announcement effects trading today after 12 noon

As you can probably tell, Im not as precise as usuall, and thats probably a function of
the atmoshperic conditions today.
for example - todays reading
Keep your cool & stay away from contrary people
expect CHANGE and stay with what has worked in the past
IMO<>