2009 January

all eyes should be on Jan. base on a report I read somewhere and sometime ago, Jan's market movement has 50% chance to set the tone for the rest of year.

as I see here, market might runs high on early Jan, to 920~940 level, intra-month down to 810~820 test support and fill its gap, finish its second down leg to 740 or not, all depends, then will close up a bit higher at 860 level to finish, make Jan a negative month.

following is an interesting comparision. why these two months? same market internal strengths. FED injected liquidity by historical rate cut ,( 2008jan cut 150 bpt and 2008dec cut 75 bpt), followed by all bad economic numbers, but market refused to drop.

2008-02


2008-12