All of the above variables are in a declining phase coming off the Jan 19th TOP
As the day makes progress we should see lower lows
156b @ noon
180b @ 2pm
Activity index was at 200 earlier , now flat at 100 for last 2 hours
Power index NOW shows a CLEAR drop off after tomrrow jan 27th into the 29th.
from 500 level to 250
Which seems to corroborate my view for a rebound tomrrow FED day till 2;15
State of Union speech will be given too much importance, but at least we wont get a
BUSH review-- the UNION IS STRONG, he would bellow while Rome was burning
Anger and backlash against ALL govt action & incumbents
is taking its toll on the Senate for now, and will probably play a bigger roll in Nov.
As for the market, you can blame the Govt if you want, but it would have happened anyway