DOW E-mini Report 14th Jan 2008

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Please Read the DOW and S&P Weekly before proceeding...

US markets are supported around the January lows in both markets, but there is an expectation that price will move down into the Extreme of the Weekly ranges.

This was the same price action that occured in the Australian market on Monday....

This week's expectation is range bound between Weekly lows and Weekly 50% level (choppy trading)

Whilst price is below the 5-day 50% level, expectation that price is moving down....

No probability trades on Monday....