As equities rocked like Haiti's earthquake, here's ChartsEdge pattern map for equities Jan. 29

Equities continue to be rocked by the drop from mid-January top, an eerie coincidence alongside the time-concurrent devastation in Haiti. I hope readers who locked in profits or even switched to reap profits from going short (especially after the confirmation from losing 1130) are continuing to send donations or other help toward the Haitian victims. Meanwhile, once 1100 was lost this threatens to take the SPX to about 1150. But we can also see if 1083 provides a bounce of some proportion. And the 70-30 vote for Bernanke yesterday might help, though a larger majority didn't happen so it's not all that positive.

Thanks again to Mike Korell and his ChartsEdge - here's his Pattern Recognition map for today. It's a dicey time, including with the BP and TCI that his subscribers can see; and Andre Gratian's 9-month cycle low due approximately Feb. 1 (Monday). Once a bounce finally takes hold - from 1083/1078 yesterday, or maybe 1050 soon - we'll have to see if it's merely a wave 2 up bounce, or something more. But frankly, we're still thinking the best buying opportunities aren't due until March .... So - here's today's map from Mike's ChartsEdge Daily Maps (webpage at http://www.chartsedge.com/wp/):

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ChartsEdge Pattern Map for Jan. 29