Jan 11th

From a low on Jan 11th, the market should rebound into Feb 6th.
And it should be one heck of a rebound

However, some technicians have been posting spx getting to 1255/1275 on the 11th

This target has already begun even tho most of my techindicators are oversold right NOW, they will get more so by Friday.

I was thinking Monday Jan 14th, but the EVIDENCE is mounting toward a Jan 11th LOW
It should be the first stopping point off a WEAK right shoulder as pointed out in the previous post.

If the spx gets to 1275, the dow equal is about 11,750, which is the yr 2000 all time high.
Such a test does portend much lower levels later in the year. Maybe march 24th?

But for NOW, get ready to BUY the low this Friday
For what it worth, CNBC is beating up CFC- Countrywide financial which has fallen from $25 to 2.50 -- YOU be the judge, is it time to buy it??

Best to all for 2008
Comments welcome
let me know if Im doing better, and if YOUR doing better .
Jay