S&P500 close to triggering a GOLDEN cross

Back in August I reviewed 8 major markets and found them all to be in BEAR territory. Since then, only Brazil, Germany, UK and USA have improved, with all the Asian markets lower (Australia, China, India and Japan). The S&P500 up leg from 19 December low of 1202 has the potential to break above 1300 in the fires 2 weeks of January triggering the renewal of the Bull market from March 2009. Target price is 1310 latest by Tuesday 17 January 2012...US Markets close on Monday 16 January (Martin Luther King Day)...Look for a low later in the month around the first FED meeting of 2012 on 24-25 January and the low for the 1Q 2012 in the first half of March 2012. (Fed meets on 13 March)

	Aug	Dec	Target	Low	Date	200d	Move
ASX	4300	4071	3800	3850	05 Oct	4337	BEAR
BSE	16840	15544	15000	15200	20 Dec	17243	BEAR
BVSP	55000	56754	48000	50000	05 Oct	58971	BEAR
DAX	5622	5864	5000	4980	13 Sep	6200	BEAR
FTSE	5075	5572	4500	4900	05 Oct	5528	PIVOT
HSI	20289	18398	17500	16200	05 Oct	20181	BEAR
N225	9057	8398	8250	8200	25 Nov	9078	BEAR
SP500	1140	1263	1000	1075	05 Oct	1235	BULL