We wont see spx 1407 again, not this week, and maybe not until 2009, but thats another story for another time.
Needless to say, I did not anticipate such a deep hit today. The ONLY clue I had for a dip today came from the electromagnetic energy level at 15.
Some one pointed out that today was 21 calendar days from FEb 20th.
Thats NOT something I usually track, but coming off a major 4 year TOP, I guess we can use that data.
THE NEXT level on that track would be 34 days and March 26th.
I THINK I will NOt prognosticate about DAILY action.
This week is moving LOWER, and should end in a rebound rally starting on Thrusday and completing on Friday.
Best Wishes
Jay
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