January has given the market its wrost start in 100 years;
What does that mean for the 1st qtr? lets explore
Jan 23rd had a large grouping of short term cycles converging and thus the inital short term low which set lower lows than 2007, and challenged 2006 numbers.
The NEXT most critical time period in the 1st qtr seems to be between March 1st and Arpil11th, but even more specifically March 22nd April11.
A large numbers of LONG TERM CYCLES converge in the time frame, and should setup a serious trading low.
This is not to say that FEb will offer lower numbers, it probably will between FEb6th and 13/15th.
What about the fed rate cuts? you ask . wont that have a positive effect on stocks? YES, but not immediate. It takes time for those cuts to trickle into the actual ecenomy.
Best to all
Jay
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