Jan 8th update

Today's 259 bar hit was due at noon and the low hit at 10:30

Another low hit at 11am and 2pm - so how does it fit the cycle?
As mentioned b4, sometimes the 259 marks the start of a rebound.

Thats what we got , the 259 bar hit marked the start of the afternoon rally.

The rally was disappointing at 45 pts, but closed at +25.
That confirms tomorrow's reading for a MORNING BUST and mid day recovery.
Almost a repeat of today, but I think the low will be at least -100 pts.

Wed looks like the HIGH of the week and Bush is expected to give his Iraq update on WEd.
90 bars should hit between noon and 1pm, and from there we should see a nice rebound
Maybe the obligatory + 100 pts.

Jay