THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Friday, December 15, 2006

option week

Market hits new high, but you already knew that. DOW 12,416
whats next you ask? -- lets explore
Merc Square Urnaus at 10 am- bearish tone
18 day cycle hits today at 2pm - could be last gasp high
markets usually find a low withing 5 trade days after this cycle. = Dec 22nd
90 bars hits at 3pm- could be the low of the day
OEX pc ratio 1.15 not bullish, but not very bearish either
CBOE pc ratio .74-- very bearish
SPX 500 PC ratio = .63 very bearish
So we do have bearish overtones the day after most index options expire.
Jay

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