DOW- E-mini 15th January 08 part 2



Price has come down into lower support levels, after move down from the 5-day 50% level...

This is the same price action that occured in November when US markets made a lower low:- Expectation that these levels can break and move down into the Weekly lows channels...

DOW 12462-401

ES 1377.82 1371.83 (As shown in the Daily charts, and as explained in the Weekly report)