AMAZING what Stan Harley discovered
When the bar cycle makes an important low at 204bars, then the cycle extends from 258 to 329
Simply because 204 + 126 = 329/330 , if you wish, same thing tho
Now WHY is this important today ??
I will tell you
Today's LOD at 1:30 was at 204 bars plus 108 gets us to 4pm Tuesday
Now, your right, thats NOT 329, but totals 312, which on occasion truncates
Even so, it ALSO ends the day at 60 bars IF you close out the 259 bar cycle at 11:30am
SO, either way, it points to a SOLID LOW at the close and offers a strong BUY
Heres MORE
JAYWIZ index = 1.65 a BIG BUY indication wiping out the .10 from friday
SPDR ratio = 3.33 wow BUY BUY BUY
BUT not so fast
the shorter term OEX ratio = .49 and is a SELL
Pressure index for tomrrow drops again after the open from 3020 to 3011
Granted , thats NOT a huge drop. but from the 27th at 3036 to 3011, it shows weakness thru tomrrow
We have a 9:40 high
11;30 low
noon high
1;30 low
3pm high
4 pm low
more later
Jay
THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023
1 comment:
I still see a fair amount of selling 2nd through 8th. However, downside may be limited.
We still could do one more attempt to retest November lows either in January or in February before the cyclical bull leg takes hold.
I came across the following (listed on 321gold.com), and I am not sure how to react to it. I really don't see it happening.
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The prediction of a crisis coming at the time of the inauguration of Obama is probably based on facts known to the government. I suspect the decision has been made that an announcement of a bank holiday or something similar has already been decided upon. We have a crisis, indeed the entire world's financial system is coming unglued and everything the US government is doing is only going to make the problem worse.
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