As predicted, its 10:25 and the dow is off 155
bail out cost rises, and thats just for investment banks. Whats it going to cost to save AIRLINES, or Auto's, & the list goes on.
VHF index = 8 & showing weakness
Jaywiz index = .38 - neutral
OIL + 4.00, not good this week
Power index = 350- toward the LOW side- thus the down mkt
Pressure down to 2990 from a high last week of 3004 = weakness
Activity index ovnt droped from a +2 to 1/2 and flat line = weakness
Flux index = 1010 which is well under the median of 1030, so also weak
WHATS Expected this week?
thanks for asking-
As previously noted,
a LOW on WED at noonish;
Best for now
Jay
2 comments:
Hi Jay,
very interesting blog !
Do you expect much more upside for oil price this week?
Thanks,
Julia
Jay,
Is the market still going to turn around tomorrow?
Thanks,
Harry
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