Monday, January 26, 2009

Monday

After LANGUISHINING all week at the lowest level, The ACTIVITY index has risen to #4

the highest level is at # 5

there is a 13 day segment LOW due at 9:50am along with an hourly at 9:45

Futures are still weak, but should not hold the mkt after that

Any rally should END Tuesday by mid afternoon

A second rally might unfold on Wed, but should not survive after the Fed announcement
bar cycles today
60b @ 10:30
90b@1pm
120b@ 3:30pm

More hourly
10:18
1:23
3:28


more later
Jay

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