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Two Month Trading Range due for breakout, Heavy volume needed for big move up. Downside breakout could reach DJIA: 9,460 - 9,680 (S&P 500: 1020 - 1030)

The Street awaits news from the Fed and Europe, the latter not expected now until early October. Beware of a new-prompted breakout above DJIA 11,740 (S&P 1220)

China stocks seemed to be stuck in the same old rut this week, but one analyst thinks the next few trading days might signal a substantial breakout.

This technical breakout carries some risks with the S&P 500 up more than 4.6% in three days, but institutions are afraid of missing the market ahead of big news.

Stocks are cheap, there is a lot of cash on the sidelines. But a News-sparked breakout from this consolidation could be a fakeout leading to another plunge.

So, you missed a stock at its breakout. But since it boasts strong fundamental and technical ratings across the board, it's OK to chase it beyond the buy zone, right?

A host of new negatives (Fed notwithstanding) are combining to trigger a downside breakout from the Aug. 9 consolidation with an initial target of Dow 9,680.

Bulls have their backs to the Wall and need some big buying to prevent downside breakout of a two-month trading range and potential rout.

Without some good news out of Europe, early trading stands to produce a downside breakout in the market and in coming weeks DJIA 9,680 , S&P 500: 1012.

The Aug. - Sept. consolidation between DJIA 10,600 and 11,740 stands to be a base for a surge, or way station leading to a drop below DJIA 10,000 (S&P:1050).

Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

Without meaningful reassurance Europe can address sovereigjn debt issues, this market is headed lower.