A DAY LATE

WOW, thats what I expected from Yesterday, but better late than never.

today has a negative influence at 2:36 accompanied with a 150 bar hit. Dont know how potent that 150 bar hit will be but that time zone should present a minor turn and recovery to some extent.

There is still the problem of 180 at 10:30 TOMORROW and could setup the open for a dip.

heres some numbers to watch.

The DOW gained 280 pts from the LOW of 12,050
50% retrace = 140 pts DOWN
60% retrace = 170 pts
Today should hold those numbers and we should STILL see a rally on Friday back to 1407.
It REALLY doesnt look like 1417 can be achieved.

The rebound forming an ELLIOTT wave FLAT at 1407 would confirm a VERY WEAK market.

The SLIDE should accelerate from March 19th to the 22nd, with only minor one day or half day bounces along the way. According to another anaylyst, the acceleration might continue to March 30th

I dont want to get TOO far ahead and lose sight of the more IMMEDIATE time zone-WE will take it
WEEK by WEEK.

Its 1:30 on Tuesday, and so far it looks like -140 will hold.
If you did buy puts on Friday, I would venture to guess they are PROFITABLE, but ONLY if you sell them.
best wishes
Jay