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Unless There's A Friday Rally, All Equity Averages Will Be Negative.

Nov. 15, 2012 8:32 PM ETTLT, GLD, XLE, DIA, QQQ, SPY
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10-Year Note - (1.589) Semiannual, quarterly and annual value levels are 1.853, 2.109 and 2.502 with daily, weekly, monthly and semiannual risky levels at 1.543, 1.520, 1.452 and 1.389.

Comex Gold - ($1714.9) Weekly, semiannual, monthly and annual value levels are $1708.9, $1702.5, $1643.3, $1639.8 and $1575.8 with daily, quarterly risky levels at $1761.8, $1844.9 and $1881.4.

Nymex Crude Oil - ($85.49) Weekly, monthly and semiannual value levels are $78.79, $76.96 and $76.71 with a daily pivot at $85.77, and annual and quarterly risky levels at $103.58 and $107.63.

The Euro - (1.2779) Daily, weekly and monthly value levels are 1.2709, 1.2655 and 1.2289 with semiannual, quarterly, weekly and annual risky levels at 1.2917, 1.3048, 1.3091 and 1.4239.

The major equity averages are likely to end the week below their five-week MMAs at 13,176 Dow Industrials, 1416.7 S&P 500, 3014 NASDAQ, 5055 Dow Transports and 818.02 Russell 2000. The major equity averages are also below 200-day simple moving averages at; 12,993 Dow Industrials, 1382.0 S&P 500, 2985 NASDAQ, 5126 Dow Transports and 807.00 Russell 2000. Monthly pivots / risky levels are; 13,143 Dow Industrials, 1418.7 S&P 500, 3028 NASDAQ, 5053 Dow Transports, and 807.15 Russell 2000. My annual value levels are 12,312 Dow Industrials and 2698 NASDAQ with an annual pivot at 1363.2 S&P 500, and my annual risky level at 836.15 Russell 2000.

Daily Dow:(12,542) Daily, annual and semiannual value levels are 12,451, 12,312 and 10,738 with weekly, monthly and annual and quarterly risky levels at 12,880, 13,143, 14,032 and 14,192.

S&P 500 - (1353.3) Daily and semiannual value levels are 1337.6 and 1059.7 with my pivot at 1363.2, and weekly, monthly, quarterly and annual risky levels at 1380.8, 1418.7, 1513.3 and 1562.9.

NASDAQ - (2837) Daily, annual and semiannual value levels are 2791, 2698 and 2527 with weekly, annual and semiannual value levels are 2874, 3028, 3232 and 3295.

Dow Transports - (4914) Weekly and semiannual value levels are 4823, 4449 and 4129 with daily and monthly pivots at 4931 and 5053, and quarterly and annual risky levels at 5541 and 5861..

Russell 2000 - (769.48) Daily and semiannual value levels are 761.33 and 686.25 with weekly, monthly and annual risky levels at 779.23, 807.70 and 836.15.

The SOX- (356.14) Monthly, weekly, and semiannual value levels are 354.06, 342.60 and 326.30 with a daily pivot at 356.08 and quarterly risky level at 439.97.

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