The close yesteday was suspicious and the DIVE after the open today proved that feeling was warranted.
Since there was a low at 10:30 yesterday, todays matching time period MIGHT be considered the 90 bar hit.
So far the market has rallied up30 pts off the 10:30 mark, BUT there might still be another dip b4 moving up on a more steady run.
Im waiting for the 90 bar hit that is supposed to occur at noon to 1pm TODAY, and the reading for today called for a bust and or slow start with a mid day pick up. Same as yesterday, but this time should be a better close.
High close still expected wed , but Thursday should sell off, and that has NOTHING to do with Bush's Iraq speach- a simple coincidence
Jay
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