With such a bad start to January, what had the Stockcharters to say about it: Joe Reed 's summary opening: THE POSITIVE: ***The Word of the day (and possibly for the year) is 'UNCERTAINTY'. But believe it or not there are TWO POSITIVES to keep in mind... *The Republicans do not want a RECESSION before the Election and they will do everything in their power to prevent it. This MIGHT be enough to keep the market afloat for a while, POSSIBLY. Also, an Inverted Yield Curve PRECEEDS most recessions which has not happened yet. THE NEGATIVE: 1-7-08 **The 220 and 256 point Dow drop is a HORRIBLE FIRST WEEK OF THE NEW YEAR! And often the first week is reflective of the whole year. So watch out, stay defensive, and short the weak ones for good profits. Joe has taken Chip's chart (which I have added here!). I suspect weekly low support of 2007 will hold in this decline, but a move to 2006 lows would not be surprising later on in the year (or early 2009). Joe has his eyes on a cros...