Recession

Now that SOMEONE recognizes were in a recession, OIL prices tumble
If thats what it takes to get lower gas prices, we will take recession over ??
What the heck have we on the street been experiencing for 3 years - Its called Recsssion.
BUT NOW its recognized- do you get my satire ??

Friday's low at 4pm was 180 bar cycle, not 3pm
Thus we advanced Monday's times up accordingly

204 bars cycled at 10:40am
60 bars cycled @ 3:40pm, thus the closing rally

Whats that mean for tomorrow's hot spots?
90 bars @ 11:15
126 bars @ 2:15

Gravitational forces looks like a continuation of the trend all week
Tomorrow COULD start out on the UPSIDE, but it will probably be less short lived than today's open and NO recovery until at least 2:15, if any then either.

Jaywiz Index = .35, Not very bearish, but certainly NOT bullish.

It would appear that any rallies intraday this week are fated to fail as the bigger cycle may be due on Jan 15th. Now that the Dec 17th LOW of spx1445 has been broken, a lower low is next and that means the next 9 month cycle low should be even lower.

Next break is under the Nov 26th low of spx 1407
March 22nd has been pointed out as the Armstrong cycle LOW of the 1st qtr of 2008.
Add 9 months = Dec 2008, or possibly November if we cut off one month for the one that was added to Dec to get to Jan.

Best to all
Jay