THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Thursday, November 20, 2008

CYCLE LOW

It now looks like the FINAL LOW of MINOR wave 3 will occur on

FRIDAY NOV 21 at 11am
thats where the 13 day cycle ends and starts a new 13 day cycle

SPX level have been proposed at 760 to 770 and as of this writing its NOW
at 788, and dow at 7860

I really find it amazing that MINOR wave 3 should end with such a wimper
however, the VIX yesterday was 74.26 and thats near the recent record high of aprox 85

Newspapers across the country reporting the DOW under 8000 as if that was something important
CONTRARY ?? most likely- bUY when there is extreme pessimism - AR we there yet?

FOR TODAY
I had mentioned to my yahoo group to expect a lower open today
there is however, a moon 120 venus at 1:46pm, and that might turn in the day's rebound high, but the close looks like it should take out the AM lows and head for a RESOLUTION on The OPEN Friday between 10am and 11am

MY GAME PLAN IS
to BUY CALLS on Friday at 10am to 11am

Jerry R has consistently reported the LOW on Minor 3 at dow 7700 during the week of Nov 19th

Next week, the 22/44 wk cycle will have past and minor wave 4 rebound should last considerably longer than minor wave 2 from which hit on Nov 13th at the close;

Rebound Should take us to DEc 1st

Best for now
Jay




3 comments:

Anonymous said...

Hi Jay,
What is the name of your Yahoo forum ?

Regards,
X

Superbear said...

You see December low lower than 780/760? (FYI - Closed all shorts, but still curious.)

Superbear said...

Hmmm. Much worse than thought. Is 7,200 on cards tomorrow?

I saw a report expecting Dow 6,000 by mid-December. It could come true.

Any thoughts?