rumors have it for a fed discount rate cut tomorrow- we'llsee, but that does fit the energy pattern that shows a rally at the open.
Make it so, said the captain. That way I can get the best option prices on my puts.
Jaywiz INDEX = .21= MORE SELLING coming
adv decl index at 217 and vol index at 259, both well under 400, Thus a rally should occur, but its only a setup for further declines
Merc retro on 28th
mars direct on 30= take the brakes off and start spending.
Today's armsd index = .92, and in no way can that be considered a buy signal
the Augsut 15th or 16th was a 10.00- now thats a buy signal
I'll let you know when we get something like that.
Jay
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