For those who have been with me for while
JAYWIZ INDEX = .12
Havent seen a reading that low in a couple months
Futures at 9 AM are picking up steam lower spx now red 8.30, and dow off 80
once the mkt opens it should be non stop down all day
Yesterday also got a .37 ARMS daily index
as you know, my proprietary technical data gave a sell on Friday
But as we all can see, there was one more high to go
typically the OVERBOT ratios appear on the 3rd wave high which leaves the5th wave to
rally on AIR
Power index is still showing a low on 18th , but that can be off by one day with such tight margins
Propensity index has dropped from 3025 to 3005
Activity index has dropped from 200 to 100
Flux is non existent today , but did have positive activity yesterday
dynamic index has been on the DECLINE for 3 days
VHF hit a high or 12 ealier
NOTE ; ALL THE ABOVE ARE SAYING the mkt is headed DOWN
NOw the OTHER question is
HOW FAR and HOW LONG?
I gave some levels yesterday based on Fibo relationships of a high of 7400 on the dow
7037
6925
6800
are those levels in plain numbers
WHen ?
I also posted a fibo time sequence that porjects a low on Thursday at 2pm
As far as GOLD goes, it should now rebound to about 950
but once there its a great short to 850 by months end
More Later
Jay
5 comments:
No sell-off. Gold correcting sharply. Probably means market wants to go up.
BTW, appreciate your work. Market has been quite difficult lately.
I still think we will see the retest back to 700, but before that the market might want to melt up to 800+.
Indicators shouting overbought, but no one seems to pay attention to it.
snort....snort
B - R - U - T - A - L
Thankfully, I wasn't heavily short. Should see a reversal in the next couple of days.
astro probabilities says Swing high today wednesday or tomorrow, preferably today with a gap down open thursday, then further down into April.
Best wishes,
8
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