Today has the earmark of a 22/44wk cycle low as mentioned b4 and brot to my attention on another site by Jerry Rubenstein.
The solar energy levels indicates possible selling today and also tomorrow.
There are bar count lows due at
60 bars @11am
90 bars @1:30pm
astro hit @ 2:46pm
Market should recover some from there.
Solar energy levels indicate a rally on 17th and 18th.
18th is option expiration and could be quite a positive show of short covering.
22nd appears to be a short term CIT, and might offer a high from which the 40/42 trade day cycle takes over and heads lower into the 24th & 25th.
the JAYWIZ index did score a 19on the 11th and 24 yesterday to indicate more selling as we see today. Its now 11;15 and the dow is off its lows as predicted by the 60 bar count @ 11am;
The 126 bar count hits at 10 am tomorrow after the 8:15 CPI report, so it might concur with a secondary low at that point.
A recovery after that should lead to the rebound on Jan 17 & 18.
best to all in 2008
Jay
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