IT's 2008

Dec 27th went as expected
Dec 31st went as expected
Jan 2nd went as expected

Whats expected for Jan3rd?

As previously written - it should also be a down day
However, we are getting very close to a BUY which should arrive on tomorrow's close

Heres some stats

Jaywiz Adv/Decl index = 396 & just under the 400 threshold
Jaywiz Volume Index = 307 & well under the 400 level
both of theses are ALERTS to a change in trend within a day or 2.

Jaywiz NEW Index = 48 & close to a buy, should be over 50 for a real buy - cant wait to see what tomorrows index is. should register a solid buy.
The 10 day average is now at 42.6, and on DEc 18th low it was 37
its range has been from 31 to 68. so 50 is mid range.

5 day ARMS index = 160.6 & is a very strong buy
5 day trin = 803 and is also registering a buy
10 trin = 126.5 ------- Ditto


Gravitational level today was a low 300
Jan 3 = same
Jan 4th starts to rise and over the wkend runs up to 600
Monday, Jan 7= 500
Tuesday, Jan 8 = 400

It seems to indicate some possible backing off, but not too serious. The reading is 7 days out and not as reliable as the 4 or 5 day, so updates will be noted.

OEX pc ratio = .90 more on the sell side under 1.00
CBOE pc rati0 = 1.15 & neutral but leaning toward a buy
SPX 500 pc ratio = 2.03 leaning toward a buy
Gold has been running UP every down day on the dow, maybe made a short term high?

180 bars cycle @ 10.30 hit at 10:20
204 bar cycle @ 12:30 was exact
30 bars later = 3pm, a minor dip.

SPX might seek the 2006 HIGH of 1431.82
Market fell AFTER the 2pm FED minutes

90 bars should cycle @ 1:30pm tomorrow &
126 bar cycle @4pm, which is actually 120 bars, buts that allowed.

Expect the market to rally FRIDAY from the open as the jobs report is at 8:30am

Comments welcome
Jay