THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Wednesday, January 14, 2009

The whole 9 yards ??

Today was disappointing, BUT still very profitable

it also mean a change in the weather forecast for tomrrow

Still a strong start, and we are overdue for such anyway

however, It looks like any rally tomrrow wont survive the close

We still need to see SPX 816, the DEc 1st close, and dow 8000

Still on schedule for Friday, which NOW looks like it will set the 38tr day low in cement

Tomrrow's schedule
Bar cycle LOWS @
11:30 or 12:30
2pm or 2:30

HIGHS @
10:50 am
1pm
3:08pm

the above suggests a high Thursday at 1pm

heres some interesting math
Murrey math spx 878 yesterday
less 31 pts per level X 2 = 62 pts which then gets us to 816

NOW Use the 40 pt rule of thumb
The LOW at 755 on Nov 21
to the Hi on Jan 6th @ 935 = 180 pts
935 - 3 levels of 40 = 120 = spx 815

So now we have 2 methods to get to 815
Fascinating

2 of my most reliable gauges show a gain tomrrow, but not making to the end of day
Power index shows a rise part of the day and drop end of day
this confirms the above timing

More later
Jay



2 comments:

Superbear said...

FYI. Retracement Levels show a high frequency of daily reversal starting 858 (on the up) and 832 (on the downside).

So, it might be that we see 816 on Friday.

In any case, I am started scaling into long positions starting today. Will increase over the next 2 days.

Anonymous said...

816 sounds likely on the 20th or 26th
the last week of January will be strong.

today Thursday closes on the high

kind regards
8