Don't ask how, that's the most senile thing I've ever done and I'll be 59 in March – in case you are keeping track. I had a nice, relaxing morning, woke up at 6 and did some reading and then caught up on some late-night talk shows (I just watch the monologs) and, in my defense, Seth Meyer's said he'd be back in the studio on Monday and I didn't realize he doesn't do Friday shows so I think that's where I got the impression it was Saturday.
Anyway, I got some washing done and then I went out for breakfast and, on the TV, the stock tickers were going by and we were down about as much as yesterday so I thought it was just showing yesterday's finish but then I saw the Nas below 15,500 and I realized something was wrong and I raced back home. First time I've ever done that.
So, it's 10:10 now and the indexes are down a bit more this morning but nothing tragic. Looking at our bounce chart, which we've had since Dec 21st, the only change since Wednesday's rally is the Weak Bounce line on the Russell, which has turned black (too close to call) – also, we have a new bottom for the Nasdaq, better reflecting our expectations:
- Dow 36,000 to 34,200 has bounce lines of 34,560 (weak) and 34,920 (strong)
- S&P 4,700 to 4,465 has bounce lines of 4,512 (weak) and 4,559 (strong)
- Nasdaq 16,500 to 15,000 has bounce lines of 15,300 (weak) and
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