Actually, the fork mentioned yesterday (in which it was suggested that yesterday's low was the December low) has strengthened today (namely from 20% to 50%, no big help) and if we take about 1955 on the Naz (it has to be closing basis), that fork becomes dominant (more than 65%). I have no idea if we do or not. If it does, then there is a pretty good chance that the January high will be higher than I expected (I had 2056 and if we take 1955 in the next two trading days on a closing basis, I'll have to raise this to 2093). For the time being, I stay with "December retrench to be contained by the 1842/50 area", the 1887 we had yesterday surely was within that containment, but there is still some danger we actually go down there (and lower) again. If I had these data ready before the close, probably would ave gone to 40% cash instead of the current 54%, c'est la vie.
