THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Wednesday, May 27, 2009

A SELL OFF COMETH

Rotrot -Thanks for the great chart

A sell off COMETH - NOT because of
the chart above
BUT
I try to find one chart a day, if possible that has some meaning-
& its not the ONLY reason for my forecast.


Mahendra - THANKS - I AGREE with your outlook 100%
Metals DOWN, STOCKS DOWN ,and the Dollar UP -
yesterday's jaywiz GOLD index = 16 & last 2 days were 15 & 31
Adding it up a SELL on GOLD

Dollar settling near 79.50 as a FLOOR= a rally about to happen
and it happens against a falling stock mkt- inverse as it may seem

MERC turns DIRECT this wkend - sometimes has what seems like a delayed effect.
_____________________________________________-
Whats NEXT for stocks ?

Heres some data for the puzzle
Activity index was at 100 at 7am, and has dropped to 33, the lowest possible level for that index.
power index today struggles with a cluster near the 500 to 400 level- about the same as yesterday.

propensity index =
opens @2992 ,a little lower than earlier level at 2994 = similar to yesterday.
Jumps UP to 2996 by mid day- just like yesterday
Drops off to 2990 - just like yesterday
HMMM, are we getting a picture here
TODAY = SAME AS YESTERDAY ?????

However, THIS TIME a Late sell off should be more severe thus leading to
""A SELL OFF COMETH ""on May28th as the power index drops to the 300 level
lowest level there is 200

WATCH OUT as the 29th power index jumps back up to 500 at close after opening at 300
ANOTHER SELLING OPP @ friday's close ???
I think so, but I need more data b4 making that call
However, the astro read does call for a difficult day with June 2nd as the reverse of Monday

More later

9:20am
ps; I DID NOT close out my short position yesterday & I will add more today
the low at 3;45 did NOT present enuf $ to make it worthwhile
as the above data was becoming clearer


Jay

8 comments:

Anonymous said...

Jay,

To clarify....SHORT today and LONG June 2nd ??

Pete

Jay Strauss said...

Once more thanks again for all the Great comments

10am @ 126bars on home inventory data; --hmmm. destiny

Now looking to add more shorts at either 11am, or 2pm or both

Looks like spx 913 has very strong resistance - Murrey Math at 909

Next lower level = 32 pts lower = 877, THEN - 32 = 845

Activity index holding at 33
the 13 day cycle was due at 10:43, but may have already hit at 9;43

its now 10:25 as i write this and they are coming back a bit- will see what the 11am HOURLY turn brings us - if positive, I think I will add more shorts

Jay

Jay Strauss said...

WOW, some of you need hand holding

Pete, Follow the bouncing ball
sorry to pick on you
but
AS IVE ALREADY posted several times ,Im already short & adding more today.
PLEASE KEEP UP WITH ME
___________________________
Im expecting a Late sell off today =
BIG DOWN DAY ON May28th with LOW on open Friday- might close out on Thursday to get some cash to trade short again on fri @ mkt close.
________________________
MY THOUGHTS out loud [g]
Maybe close out short position on june1st -time to be determined later;
UNLESS
I think I might want to catch the
June 2nd rebound MAYBE to the 8th.

PS;
I post MY trades only, and this is NOT advice of any kind

ALSO, Please excuse my ramblings as I post my thoughts & trading strategies

WE have CHOICES and YOU must make YOUR own trading decisions

Yes, YOU can use what ive posted, but YOU must be responsible for your own trades

Hmm, its 10;30, and im getting a little hungry - Yeh, I know crazy as it seems -it usually coincides with an up mkt
BUT it fits with an 11am high in the next 30 minutes

Activity index at 10;30 still at 33

_____________________

Jay

Jay Strauss said...

BAR CYCLES this week

TODAY
126b @ 10 HIT EXACTLY
180bar at 3;30
_______________
Thsday
204b@ 10am
258B @ 3;30 which makes
4pm @ 264 bars, a meaningless count
BUT 3:45 pm might be important as its 45 min after the 3 pm TURN
____________________

After 258 bars, the mkt usually finds a reason to rebound
unless the mkt is ALREADY
in rebound mode such as 258bars last friday @ 12;30pm
BUT the close was 100 dow pts off the HOD at 1pm.
So, you can see nothing is cut in stone & everything is FLUID.

more later
Jay

Jay Strauss said...

DAMN
29th WANTS TO START out on the REBOUND !!!
I will be CLOSING out my shorts on CLOSE of trading TODAY

Will look to re enter on a high tomrrow anytime between 9:45 and 11am


But I will hold GOLD puts for now

Jay

Anonymous said...

Jay, appreciate your updates as the market changes,thank u.

waterfall

Anonymous said...

thanks jay. good job

sam

Anonymous said...

Jay, do you perhaps have days confused? Why get rid of your shorts today if there will be a sell off on the 28th (i.e. tomorrow)? You mentioned that the 29th will rebound, tomorrow is the 28th....