THE NEW JAYWIZ 2023
Thursday, March 05, 2009
GET READY to BUY
What you see above for March 4th NEVER happened
in fact it was just the opposite
HOWEVER, IT is on schedule for today
And tomorrow should follow thru, but more about that later
NOTE of interest
WATCH the NEW LOWs verses highs, of which there are NONE
ON October 10th we had 2591 new lows
March 3rd had 705 new lows
that shows basically a weakening of the decline
Typical in a 5th wave position
YES, there is ONE MORE LOW to go on March 9th and or 10th
SO, if you dont buy in today, make sure you do so on March 10th
MY GAME PLAN
SHORT the CLOSE on Friday March 6th
BUY the intraday low on MARCH 10th
How low is low? Today or Monday
TODAY - Europe is down 3%
Oil is DOWN 35
SPX futures are down near 18pts @ 690
Murrey Math level is at 692, the intraday low of March 3rd
The next MM level is at 661 with 8 pts segments in between
692- 8 = 684
684- 8 =676
676-8= 668
etc
THE LOW today should occur fairly EARLY as mentioned b4
90 bars @ 10:30 & 102b @ 11:30
23.6% of the 13 day cycle @ 10:56am
moon 180 pluto @ 11;17
SO, we will look for the LOD this morning between 10:30 and 11;17
the HOD yesterday was at 3:32pm
adding hourly updates takes us to today to 10;05 am
and the ISM # comes out at 10am
IMO, and I could be wrong, but an acceleration should occur at 10;05am taking it lower till
11 to 11;17 am
More later
Jay
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1 comment:
Looks like we just completed wave 3 at 12:14 low -if we include extended hours trading, otherwise on NYSE trading basis, we need one more up down right here.
That would imply starting wave 4 towards 760 and that making a top by Friday is not likely.
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