I failed to mention the probability model in my earlier post.
Nothing very exciting here, but it does call for some stabilization by the close of the day.
50% of the outputs call for a consolidation
35% of the outputs call for a lower open followed by a reversal up
15% of the outputs call for more of what we saw Tuesday, just a bit more subdued.
So 85% of the probability models outputs call for the correction to cease at current or very slightly lower prices than where we are now and by the close of 2/6/08.
This seems to be in line with what our other intermediate term models have been calling for.
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