THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Thursday, March 27, 2008

No Hurry to go anywhere

I could be wrong, but it looks like as long as the spx holds above 1321, the next rebound on March 31st, and April1st will once again attempt to break out above 1355.
WILL IT DO IT??
My work indicates a NO GO;

In fact, Arpil should be the month to break SUPPORT at 1270, not resistence @ 1355.

A few dates have become important
Arpil 2nd = the 8 day TURN, and since Apr 1st is a high, then its a DOWNTURN to the new moon on Saturday.
8th-9th next high
Huge drop on 10&11
Option week should rebound vogorously starting on the 14th.

heres some interesting Fibo dates
Oct 10 + 55 trade days = 12/27, a secondary high
Oct10 + 89 tr days = Feb 14th, a bradley high
Oct 10 + 144 tr days = May 6th still to come, but looks like it should be a low
Oct10 + 288 tr days = Nov 10, which has been my suspected low all along,& thats NOTHING to do with elections.

Its possible to get a short break today or tomrrow at the open to 1321, and that would setup a very short term buy opp, but once gain 1355 would be froming a possible tripple top at that level.

Best for now
Jay

1 comment:

Anonymous said...

Hi Jay,

Just wanna say: thanks for sharing your opinions every day.


Peter.