Not the kind of day to make a lot of $$
It would appear the 259 bar cycle truncated at Friday's close @ 252 bars,and according to Stan Harley who discovered this cycle, thats allowed as most cycle do expand and contract frequently.
reminder, in case you forgot~~~ALL BAR CYCLES ARE LOW POINTS
So what happened after? as long term readers know, the cycle starts over once 258 bars have completed.
Today's 30 bar cycle @ noon to 12:15
Today's 60 bar cycle was perfectly timed at 2;30 to 2:45
The closing Spooz are Minus 1250, and that should offer a sharply lower open, and almost vindicate my call for a dow off 200 pts. starting from the open today was 11,505 , we could be off 150 from that level at the start, but that should provide a very good opp to buy calls as the day should improve for a mid day high b4 dropping off.
Jaywiz Index is mildly bullish @ .43
Oex pc ratio = 1.20 ~ ditto
spx 500 pc ratio = 1.96 ~ ditto
Vix still dropping @ 23.05
Today was a 70 year Gann convergence. for whatever that might mean to some one.
Best for now
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
2 comments:
Thanks Jay.
I use this cycle now. The 259 bar cycle is equivalent to the 21 hour cycle used by Jim curry in his work. You're right in that it contracts and expands but if your indicators are properly "set" and "coordinated"--- and provided you're using the "right" indicators---you will have no problem determining the start/finish of every cycle. The cycles also display unique character traits which are helpful in following the swings within the cycle. I love this system because it really eliminates a need for pre-determined CIT's which have to be confirmed by your indicators anyway and allow to focus more on larger cycle CIT's. I can't stress enough the importance of "proper indicators", properly "set" and "co-ordinated". Not as easy as it sounds but once accomplished, allows your cycles to really work IN THE WAY they're intended TO.
hAve a good one Jay
trinity
HI Trinity,
thanks for the comparison
Are you using fibo parts of the 21hr cycle?
the bar cycle breathes so to speak, every 2+1/2 hours, but does shift to meet fibo at certain points
How do you account for the shift to 329 bars when it happens? = 28 hrs.
This AM opened with a 329 bar cycle count, and thats why the sharply lower open.
30 bars later = 11am and we got a minor low
2;15 made the next one @60bars.
I guess counting minutes would be easier for most people.
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