the H&S chart i posted has come to life and is now in full retreat down to the next channel line on the dow as well as the spx.
Are they entitled to a bounce? Quick anwser is Yes, BUT
Sure the numbers are showing GREATLY oversold data, but it doesnt mean an instant rebound.
Especially in a 3rd wave DOWN Leg. WHEN will we get the rally you ask? OK<>
As mentioned b4, there is a 40/45 trade day low approaching next week, and in this environment, that should prove most important. Between the 24th and 29th.
ON an astro level , keeping it simple, and I say that becuse ive seen some people get really elaborate.
Full moon early Tuesday = keep secrets
Venus 0 Pluto early WEd = money regeneration
Merc retro on 28th = coincidental often with turns
mars direct on 30th = Take the brakes off spending
Expectations
Jan 22 = down
Jan 23rd = rebound, but may not make it to the close
Jan 24/25= DOWN
29th might just become the TURN around Tuesday we have come to know and love.
Feb6th ECLIPSE high
the MCOS penant has been broken on the downside, and bodes very badly for stocks in 1st qtr of 2008, even if we do get a short term powerhouse rally.
Some have offered targets down to SPX 1255 area.
Best to all in 2008
Jay
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