Now that the SPX settled at a level that showed more power than the dow on Friday, the proof of the Jan 11th low is now evident at the dow is now UP 120 pts at this writing @ 10:30am.
One other indicator that I developped from my data collection show a rise from
Dec 4th @ .40
Dec 26 @ 1.20
Jan 11 @ .66
thus confirming the current move Up after Friday Jan 11th
Jan 11th was also 52 hours, - 8 trade days from the OPEN of Jan 2nd .
the next 8 trade day point is Jan 24- keep inmnd that the 21st is a trading holiday.
As for this week, the POLARITY index jumed to Positive on the 13th after being in the Negative for the previous 8 days.
Looing for a trading high this week onWed, and again on Friday morning.
Friday could begin the selloff into the 24th/25th where there is a 40/42 trade day low due off the previous low of Nov 26th.
Best to all for 2008
Jay
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