Thursday, January 8, 2009

So Far, So Good...



The market seems to be following the fractal script I presented earlier in the week. Will tomorrow provide a 90/10 day just like the March 21st 2007 rally? Then it was the Fed dropping some key language that pushed the bears over the edge. Perhaps the jobs report will provide that catalyst. Based on the shrinking weekly jobs claims it just may.

A bit of a gamble though, since we all know that the January jobs report is notorious for subtracting/adding quite a few from the previous monthly BLS revisions.
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