Its possible but not likely that today was the closing low of this week.
Theres still a good possible closing lower tomorrow and a intraday lower low on Friday mid day.
Today's 259 bars at 12;30 became the turn rather than the low of the day; this is a rare occurance, but I have mentioned it before.
The Eclipse effect is over tonight so we'll see if they open with a bang tomorrow, but Cisco earnings were not well received after announced.
Jaywiz index on Tuesday was a very strong SELL @ .09
Today's Jaywiz index = .47 and much more bullish.
However, the OEX pc ratio = .62 and was .68 yesterday. this indication is bearish
Friday is 180 bars @ 2;30pm which could turn in the low of the day.
Best for 2008
Jay
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