Current Financial Markets Outlook UPDATE – 01-28-10

Thank You O My Creator for Blessing us with the Knowledge, and Ability to help others!!

Although, I am more inclined that we have more downside prices coming in the Financial Markets. The possible case scenarios of down move is already highlighted in 01-27 morning post. I have an opinion that Markets are pausing, consolidating, and sellers are resting, before another move down.

But sometimes, the simplest answer is the best answer, which is usually is front of us and when we are absorbed and are looking for answers with more complex analysis, and we get hit in our heads.

Therefore, there is a possibility, (though, a smaller) that we may get a small rally before, another fast move down. Thus I looked at the potential case scenarios of this small rally. If this rally occurs then the start of this rally is 01-28-10 to the weekend, and making a high on Friday or Monday (opposite is true, if down move continues).  See the charts for potential rally and its targets.