BULL WEAKENS IN US MARKET 1/12/12

RANGES    1288-1293-1296      WATCH FROM LAST EVENING:  POTENTIAL FOR A 1277-78 PB BEFORE A 1300 CHALLENGE.


Nice full range run fir the Euro Zone failed just outside the LBOT and reversed for a bear range run  and a US Open short that hit the BO-5 level.

A 50CB at B15 was noted, and B16 was of interest.  A watch for a long, that would be stronger if we had seen a body (not the doji).

The 50CB reversal hit for a long on B17 back to the SBOT.  It was noted in discussions, that the bull seemed weaker than the bear sell off.

A FBO hit around the SBOT, and a second bull leg developed, albeit it only made it to the Mid Range,