THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Thursday, August 27, 2009

Tech SELL SIGNAL


INTERNALS have ISSUED A TECHNICAL SELL SIGNAL

I have a DAILY RECORD of ARMS data that goes back many years

TODAY we are 120 tr days from MARCH 9th

1. 5 day ARMS = 75.4 and has been UNDER 80 for 3days in a row
2. TRIN 5 = 377 and has been UNDER 400 for days in a ROW
3. TRIn 10 - 977 and has been under 1000 for 3 days in a row

THOSE are VERY bearish readings

it could take as little as one day or as much as 10 days to see its effects.

Power index drops lower after today
propens index makes one more stab highr today, but closes lower-
tomrrow's graph is not available until early morning

The JURY is OUT as of this moment as to the DEPTH of tomrrows drop,
the level of which will indicate
either and END of the current rally from 978 to 1038
OR
a continuation into Sptember

Ravi is the MASTER of the MATH, and of course has also posed the same question

more later
Jay



30 comments:

Ravi said...

Jay:

Tomorrow 8:30 is GDP announcement. positive news can create wave 5 to 1044 area.

In chart you posted, OBV looks positive for bullish case!

I think OBV works better for individual stocks very long term

Ravi said...

Last two corrections from (iii) of 3 and from end of 3, both stopped in the area of August 21 low 1021.80. That low was iv of (iii) of 3.

Prior lower order fours often define target for correction. We may break that any minute for somewhat deeper correction.

Ravi said...

or will we?

Anonymous said...

Trying a long here tna $39.51

pg

Ravi said...

A possible path for 4:

4??
a 1037.75 1021.57 -16.18
b 1021.57 1029.52 7.95
c?? 1029.52 1013.34 -16.18

Ravi said...

The break in SPX, of iv, not yet confirmed by DJI

Anonymous said...

stopped out $39.11

Ravi said...

out of 50% of shorts. will renter on wave 5.

Jay Strauss said...

NOW theres the POWER of CYCLES

10am
258 bars
52 hrs Aug17thlo to lo
dow off 83, and spx at 1016
AS Ravi posted possible

Activity indx has jumped from 100 to 233 at 10am

propens index is higher mid day, but ends lower
power index higher mid day also, but ends lower and is lower tomrrow

we''ll SEE just where tomrrow closes - how low is low?

Friday's Readings calls for good AM hours and anxiety later

According to the readings, we could see a higher open and down close just as I POSTED last wkend

Jay
Jay

Ravi said...

To complete five minuette waves from yesterday afternoon, we may get a lower low in 1015-1013 today. Do not expect lower than that for wave 4 from 1037.75. I do not see a deeper retrace for 4 down. Only, issue is H&S indicates 1005-1006. But the H&S is a bit iffy and we have penetrated back a bit into neckline.

Jay, what are your indicators showing? Are you expecting a lower low tomorrow am?

Anonymous said...

Bottom is in.

LONG

jj

Jay Strauss said...

Ravi
TOMRROW
Higher open
Lower close
Jay
1006 very possible

Unknown said...

Yesterday, I mentioned a possible turn to the upside today. I think that came in at 11:00

I have a low at 13:30, if it comes in.

Anonymous said...

This rally is gonna be a fast one.

jj

Ravi said...

I got out of 55% at 10:09 as we kissed line parallel to that joining tops of last two days and the 1016 target, without waiting for possible 1013. Bottom came at 10:10.

Looks like, I got lucky with that timing.

Yes, bottom of 4 may be in for a five wave ride up to end of 5 and possibly of C.

Unknown said...

according to Martie bottom is in and bounce to 1040 --1070
http://bostonwealth.net/author/mortie/

This fits Flash' scenario. 9700 first by tomorrow and then down

Per IAN:
Markets found support at the old 8/7 high as expected and are in a Low am to High pm pattern, so the 12.30 or 12.50-1.00 pm CIT should be the next High.

The MC suggests we close down, near the Lows, so expect an early last hour High, perhaps at the 2.40 CIT and a sell-off into the close.

Tomorrow is biased to be down. The next daily and hourly CIT is on 8/31-9/1.
This fits Jay's scenario

let us see who wins.

I got stopped out of SDS calls.

Ravi said...

looks like wave (i) of 5 just got done. Now retrace in (i) should start.

Ravi said...

meant retrace in (ii).

target 1022-1024

Anonymous said...

Mahoney,
crash alert for sept 1st

http://csiwallstreet.com/beware-9-1-09.htm


a2

Unknown said...

I believe today remains positive to the EOD. However, tomorrow looks to begin a whole new regime to the downside.

Today the Moon is at the Balsamic cusp. The phase that has greatest number of updays.

Coy

Ravi said...

DJI got to within 10 points, or 0.1% of prior hi in 3. SPX within 4.4, or 0.4%.

This can't be (i) of 5, unless we have blasting of wedge ahead of us.
Are we getting 5 done in just one day?

Ravi said...

within 5, we are either in extended (iii) or 5>3. If the former plenty of room above. If the later, we can have .dji making new hi with spx not confirming.

Ravi said...

Looks like, one more hi will complete
extended (iii) of 5. Another down for (iv) and then a (v) of 5 to end it.

What if the entire move is just a big (i) of (v) of 5?

Let us first see if we make a new hi on completing this one.

Anonymous said...

"I can feel it coming in the air tonight, Oh Lord
I've been waiting for this moment, all my life, Oh Lord
Can you feel it coming in the air tonight, Oh Lord, Oh Lord ".....

lol

jj

Anonymous said...

count the pinching Bollinger Bands....theyre all over the place.

Resoultion UP or Down.

Chris

Unknown said...

FLASH: MKT: Best juicy scenario is for options writers to goose the MKT up into 15 SEP. then drop; we see; gotta get thru 8/28 1st
about 1 hour ago from web

lOOKS LIKE DOWN TO MORROW AND AND UP UNTIL 9700 AND THEN DROP. not diffeenrent from IAN

Unknown said...

looks like another doji. fourth in a row. last tie we dropped from a cluster of doji

Anonymous said...

If we get a lower low tomorrow then it's OVER. Bye bye Bulls and Cramericans.


Otherwise we should continue Up from here.

Billy

Reza said...

Victor,

Are u still short QQQQ

Thanks

rrman said...

chris carolan has posted his updated Solar Lunar Model it kind of went off the reservation the last two months but he said Aug. 29th with the red Tidal Date is almost identical to the
Jan. top that the chart called he says we should turn Aug 29ish ...

http://carolan.org/wp-content/uploads/2009/08/verge.gif