RIGHT on Que
low today within few minutes of 1pm.
took out 190 pts from the high to the intraday low today at 12,431
If your feeling sluggish this wkend, your energy should return on Monday, but what does that mean for the market?Just as today, Monday looks like a mixed bag. BUT it most likely will be in reverse order- higher in the AM and lower in the PM. An early morning TECHNICAL rebound could carry the DOW up 72 to 95 pts.
Monday Lows should occur at either 1pm or 2pm,
but I doubt they will be lower than today at that point in time.
HOWEVER, if they ARE lower, OR, IF those lows FAIL to hold, then we can expect the market to continue to sell off into WED, which is what I am expecting anyway. It is possible that 2pm time period MIGHT behave as did 1pm on Thursday, just a short term stop, and sharp drop off within a few minutes later.
Fascinating to look back one year, and see the Jan LOW of 2006 on the 24th. The month then ended on a HIGH;
Also note that FEB 2006, moved LOWER to the 13th, AND This yr I am seeing just the opposite.
Tuesday low is due at 4pm, and Wed low should occur at 3pm.
Jay
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