CNBC

When CNBC and its pundits are calling a bottom, you can be sure its not one.
No disrespect meant to those who work in the media, they get caught up in the hype.

April11th is a target date that many have proposed as either an important high or low.

Yesterday went up a little further than I would have thought, but it changes nothing.
A bottom of importance will only be seen when the media is crying out- NO BOTTOM Yet!!

It still looks like wave 1 on march 10th, Wave 2 may have completed yesterday, or call it an X or B wave. In either case, the next wave should take the dow well below the March 10th low of 11,740.

those who point toward April11th as a high are forgetting options week right after which for the most part is usually a positive week, but thats not the main reason why.

JaywizIndex = .25 following a .37 yesterday indicating some weakenss today; Other scientific data also indicates lower this week thru mid day on Friday for now.

Best Wishes
Jay