Jan

22

For those who believe analogs are predictive: on January 9th the market closed at 1833. The next day it printed a top at 830 at 1842.50 Then it plunged to 1826.25 at 1150 and finally recovered until the close at 1837.50.

Yesterday the move was basically identical, not only as far as the dynamics of price during the day but also the levels touch are the same. The day before, the market closed at 1834.25. Yesterday, it printed a top at 950 at 1843. Then it plunged to 1826.25 at 1210 and finally recovered until the close at 1837.50

The outcome on Jan 13th was that the S&P fell to 1815 down about 22 pts.

We'll see what happens today.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search