Dow high on Feb 1st is BUSTED

Heres a chart that will blow you away

In case you didn't notice-

The premise for dow 14,300 on FEB 1st is BUSTED

Some one hasnt been paying attention

It now looks like we will get to 12,000 by Friday

First week in Jan down 565 pts - first time in 100 years- WOW

A closing low on the 14th and intraday low on the 15th should set the stage for A HUGE REBOUND, but I doubt sincerely they will get all the way back to 14K within 3 weeks.

However, one thing I wish to point out

Take a look at Jan/Feb 2000, and I did mention this b4.

IN YEAR 2000

Jan 14th was the all time high

Feb 5th was a dive low

then by march 24th, they made another new high, in the spx at least, not the dow.

WE are therefore expecting JUST the REVERSE for 2008.

Best Wishes

Jay