January 16, 1998
This market opened gap up and faded into the forecast low at 10:30. It than rallied sharply into 11:40. The downswing into 12:30 was much weaker than forecast indicating a change in the scale between prices and the energy forecast. However, the times of turn remained accurate. Note the high at 1:30, the low at 2:25, and the high at 3:15. Notice what happened when the energy turned down late in the day.
