This BLOG is NOT updating until some time after I publish an update.
The market rythm called for a LOW at 3pm yesterday and we got exactly that.
However, Friday AM fell some more and so far at 10:10am hit -48 which is no where in terms of aformentioned rythm.
The next RYHTM point is due at 1pm- Look back at Tuesday and that same Rythm point produced a low from which the market ran up 150 pts. Can that happen today?
I tend to doubt it- the BOND market is FALLING, and Equities are in a battle to stay afloat.
Helge has indicated Jan 26th as a PEAK. One of my other associates has indicated Monday as a 2X Master time date. Those MTD's have frequently been found at market highs.
The spx 1440 appears as a formidable RESISTENCE level.
In summary, we could make a projection that;
If the market rebounds from 1pm, then we should see a strong Monday, at least for the morning.
The 78 hour cycle hits on Jan 31st at 3pm, along with a 259 Rythm hit, and its looking like it should provide a LOW.
Jay
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