You state in the beginning of your article that 3 days after you wrote a note dated Jan 18 the market took a nasty drop. What chating service are you using? The "nasty drop" ocurred on Jan 17th with the dow down 306 points. 3 days (after your Jan the 18th note the market finished it's downlag and hit the Jan low dropping some 400 points and recovering to end down 128.11. This was no surprise. The market had been in a downtrend and was just waiting for some capitulation. That you "called it" really doesn't impress me much. Rebuttal?

Although I do agree with Greg McCoach on most of what he is saying, I do not agree with his assessment of Congressman Ron Paul. I recognize he is no front runner and if he were, he would be a disaster with regard to foreign policy. I experience him as an isolationist and this is not what we need when dealing with despots and extremism.