THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Thursday, June 11, 2009


FAILURE to HOLD these higher levels would add to the death knell for spx

this chart has spx 956 at that solid red line

getting to 988??? I sincerely doubt it

Jay

12 comments:

Anonymous said...

Dear JAY.

Do you still think the market will have a gap up open tomorrow. The sell signal is there.

Thanks

Kathy

Anonymous said...

I bought 952 some SRS call, spx july puts, and gs july puts. May be on monday buy june puts but do not have guts to june puts today.

sam

Anonymous said...

I expect another day for longs tmrw Fri. Jay is right.

Next week may see some dips...
pk

Jay Strauss said...

Kathy
GOOD QUESTION
If it stays UP today at close, as the activity index is NOT budging off its 133 level, which is NOT very high, but not giving way either
THEN
The POWER INDEX SHows the POTENTIAL FOR a very shrply LOWER OPEN Friday with a recovery
by mid day.

Propens index also showing a dip possible late today and or early tomrrow

Jay
I tried to add more at 1;30 when the dow was up 130, but couldnt buy at my price

Its NOW 3;30 and there is some neg energy taking over.
DOW now up 65 which is 65pts off the high at 1;30

A lower close should set up a lower open.??

Power index TOMRROW opens at 300
then jumps to 500 midday and 400 by days end

Jay

Ravi said...

Hi Jay:

We did a 5 wave up to 956. By making a new high it satisfies the barest minimum need for end of v, even if it is short of v=i at 962.

IF v has more to go, it will be lot more because today's hi may morph into just the minute first wave of v. That will be lot higher than 962.IF 956 was the end of v, we better get a clear impulse down tomorrow. IF not we have third of v tomorrow.

So, a big down or big up tomorrow.


Ravi

Anonymous said...

Okay guys. If it gaps up, I short-scalp and buy the dip for the recovery.
If it gaps down then I buy the dip and ride him into lunch break.

Thanks fellas

Kathy

Anonymous said...

Finally close in green. same plan as cathy. gap up -- take vacation until next week. gap down, cash in the puts and buy later.

good luck to all

sam

Jay Strauss said...

I dont think I remember saying a GAP UP OPEN anyday this week, but a stronger open we got on WEd & Thsday as suspected,
each to be sold at highs at 950 or above??

ITs NOW looking like possible GAP LOWER ON FRIDAY open???

NOT much NEWS comes out at 8:15 Friday as a catalyst

but Power index shows Friday higher just the same, but after a probable lower open.


If the recovery wave tomrrow gets to 950 level and gets stuck there, it will keep the BULLS THINKING they are alive over the wkend

OK its now
3:55pm, yes there it GOES
where are you now CHEIFY- dow only up 24
this is exactly what the PROPENS index showed, but its HELL WAITING FOR IT TO HAPPEN
ITS very hard to tell if it overlaps into tomrrow's open because the deliniation of time & date is NOT exact.
but it does head lower as it occurred today and does appear to continue tomrrow.
HOWEVER, there is a SHARP recovery shown also right after

SO, ANY GAP LOWER open might not last very long - may 9:45am to10

just looked at DYNAMIC index which DROPPED like a rock at close
thats real time, so it has no effect on tomrrow


AT close today we gave up 100 points and the WAVE looks like
a possible 3rd down at close with a little more room for more at open. support has been found at 8630 area spx 928 area all week

OBv on 10day/15 min IS DOWN
MACD rolled over
ULT osc has rolled over

OBV on this chart hit its HIGH on TUESDAY June2nd @ 129,127,000 and has been failing since now at 36,890,000

Similar for ULT osc also

GAME plan to SELL out short My positions on any sell off at open and buy back at close, or anytime the spx gets to 950 or above, which THIS TIME< IT MAY NOT GET THERE.

Jay

Jay Strauss said...

kathy & Sam
Sounds LIKE a PLAN
Jay

Anonymous said...

I do not have guts to go long tomorrow. any bad news (N. Koreans acting bad or something) it can tank without regards to EW as it is ripe to breakdown.

if at all i would do it with the tihgtest stoploss.

sam

Jay Strauss said...

Sam , I agree
would rather stay short
However, I really cant put my stamp on the OPEN.

BUT I can tell you this
june12th is an 8 day HIGH
June15th is an 8 day TURN lower

Now, we might get a high and turn on the 12th
which is what BOTH the power and Propensity indexes are now confirming

SO, If I dump my shorts at open, i will be buying back mid day
probably 1 - 2pm

30bars @ 11am
60bars @ 1:30
90 bars at CLOSE and OR open Monday

hourly
9:45
11am
1pm
3pm

SPX might attempt to get another higher high in tomrrow, but it will also FAIL and start down into the close according to both the indexes above.

more later
Jay

Anonymous said...

JAY,Kathy,Sam,all,

Thanks for all comments.

Got to admit market has got me scared!

Really good to read all your comment, THANKS for sharing what you know.

Pete