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Gold Falls Back Below My Monthly Pivot At $1673.8.

|Includes: DIA, GLD, QQQ, SPY, iShares 20+ Year Treasury Bond ETF (TLT), XLE

10-Year Note - (1.845) Annual and semiannual value levels are 1.981, 2.476 and 3.063 with a weekly pivot at 1.840 and daily and semiannual risky levels at 1.819 and 1.413.

Comex Gold - ($1667.7) Weekly and annual value levels are $1609.2 and $1599.9 with my monthly pivot at $1673.8, and semiannual, quarterly and annual risky levels at $1719.2, $1802.9 and $1852.1.

Nymex Crude Oil - ($96.01) Weekly and monthly value levels are $93.75 and $74.23 with quarterly and daily pivots at $95.84 and $96.66, and annual risky levels at $115.23 and $115.42.

The Euro - (1.3373) Semiannual and monthly value levels are 1.2797 and 1.2343 with annual, quarterly, daily and weekly pivots at 1.3257, 1.3334, 1.3339 and 1.3360.

After failing at its 50-day SMA at $1695.0 on Wednesday, gold ended Thursday below my monthly pivot at $1673.8. Dow Industrials moved further above its quarterly pivot at 13,668. Dow Transports set another new all time closing high at 5854.94. Dow Industrials need to set a new closing high above 14,164.15 set on Oct 9, 2007 to confirm a "Dow Theory Buy Signal." Quarterly and semiannual risky levels are 14,118 / 14,323 Dow Industrials, 1510.0 / 1566.9 S&P 500, 3274 and 3583 DASDAQ and 913.92 and 965.51 Russell 2000. Annual and semiannual risky levels are 5725 / 5955 Dow Transports.

Daily Dow:(13,825) Monthly / annual value levels are 12,818, 12,696 and 12,509 with quarterly and daily pivots at 13,668 and 13,832, and quarterly and semiannual risky levels at 14,118 and 14,323.

S&P 500 - (1494.8) Quarterly, monthly and annual value levels are 1431.1, 1397.6 and 1348.3 with a daily pivot at 1496.7, and quarterly and semiannual risky levels at 1510.0 and 1566.9.

NASDAQ - (3130) Quarterly, monthly and annual value levels are 3071, 2934, 2806 and 2790 with a daily pivot at 3135, and quarterly and semiannual risky levels at 3274 and 3583.

NASDAQ 100 (NDX) - (2724) Monthly and annual value levels are 2610, 2463 and 2385 with weekly and daily pivots at 2733 and 2727, and quarterly risky levels at 2798 and 2920.

Dow Transports - (5855) Annual, quarterly and monthly value levels are 5469, 5094 and 5012 with a weekly pivot at 5725, and daily, annual and semiannual risky levels at 5869, 5925 and 5955.

Russell 2000 - (900.19) Annual, quarterly, monthly and annual value levels are 860.25, 821.01, 813.37 and 809.54 with quarterly and semiannual risky levels at 913.92 and 965.51.

The SOX- (410.24) Quarterly, monthly and annual value levels are 371.62, 347.83 and 338.03 with a weekly pivot at 412.87, and daily, quarterly and semiannual risky levels at 413.44, 440.36 and 520.17.

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