THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Wednesday, May 21, 2008

getting ready for support

today went rather well as the 259 bar cycle hit @ noon
and the next 30 bar cycle hit at 2:15 to 2;30, at which point I sold my puts for a 25% gain

The expected downday was delayed by one half day as a high was hit on Monday at 1;30pm
a secondary high was hit on tuesday also at 1:30 after the noon low

Today, so far the futures are pointing toward a lower open by about 6pts or dow 50
that might be a very short term opp to buy calls for a run up till 1pm, as one of my advance systems
is indicating a mid day high and later retreat.

Same deal also goes for tomorrow

The 27th and 28th seem to be where timing meets the road and support at possibly spx1375 should be reached.
once again May28th is 216 tr days or 4 x 54 from July19th ,2007

the next 54 tr day cycle is on August 18th where the solar eclipse is likely to provide a potential top at spx 1500 as I have outlined b4.

I dont know where some technicians are calling for an immediate drop to 1280 or lower, and others are looking for 1180 this year, but anything close to that type of decline will have to wait till after Aug18th. As we know 80% of the action ocurrs in 20% of the cycle, and its usually the LAST 20% where the "C" wave finally shows its fangs.

Best Wishes
Jay

1 comment:

Steve said...

you're hot; keep up the good work

Steve