I've been remiss in not looking at what is happening with the 55/110 day cycle from last years March low. See the following chart.

The first 55 day cycle actually extended to 59 days and this 4 day interval is carried through the chart. As of last Friday (1/15/10) we are in day 52 which implies we should see a significant high or low in the next 4 day interval which is 1/21/10 through 1/26/10. As things stand now, 2330 is still the short term target as long as we stay above the 1/12/10 2273 low. We closed at 2288 on Friday with an intraday low of 2279 so Tuesday's opening should be interesting.