THE NEW JAYWIZ 2023

THE NEW JAYWIZ 2023
THE NEW JAYWIZ 2023

Wednesday, February 23, 2011

Market Timing-Whats Next -Feb 23rd AM Report

published at 8:09 AM
Positive energy at 9:40am should support a higher open
Today calls for caution and warns to exercise restraint
Jay

17 comments:

Reza said...

http://stockcharts.com/h-sc/ui?s=FAZ&p=D&yr=0&mn=3&dy=10&id=p32545522560&a=225847842

Reza said...

http://stockcharts.com/h-sc/ui?s=TZA&p=D&yr=0&mn=3&dy=10&id=p27137311982&a=225850654

Reza said...

http://stockcharts.com/h-sc/ui?s=GLD&p=60&yr=0&mn=2&dy=0&id=p60336605532&a=225471303

stalion said...

Reza - FAZ FP flashed 77

Reza said...

Abdullah
that means double from here

Reza said...

Abdullah
Lets stick to gold, silver and oil

stalion said...

Gold & Silver is way ahead of it self IMO. I will not add to what I have SLW, GDX. I do have very tight stop loss.

For OIL - yes I am all over it. picked up some SU last week and been doing great. UNG - should pick up some steam as oil march ahead.

stalion said...

I've had an awful lot of emails asking me about my thoughts on the Mid East and on what I invest in.

stalion said...

What I do know however is that what happens there, effects each and every one of us here via the price of energy. As usual, our inept politicians have failed for 50 years to implement an energy policy that supplied us with cheap fuel, while being able to export excesses of it for profit. Now once again, the price we pay weekly to "fill up" is dependant on tribes of rioting dissidents in far away places.

stalion said...

They won't let you on an airplane with nail clippers. They say that's fighting terrorism because somehow you might snip the poor pilots fingers off or some such nonsense. Yet we leave our most vital energy needs in the hands of lunatic fringe whacko's in far away places.

stalion said...

you know this "recovery" is as fake as most Hollywood boobs. The numbers are fake, the profits are accounting miracles, the states are bankrupt, etc etc. So what do we get on top of all that? Oil at a hundred bucks.

stalion said...

between our coal, nuclear and shoreside drilling we could be completely energy independent. But noooo, don't do something that basic while we wait for truly acceptable alternative energy. Nah.. let's just subjugate ourselves to people living in tents in some desert( Saudia Arabia), while abusing their people. Right. Makes perfect sense.

stalion said...

Look the Middle Easts problems are our problem too, in a big way. The reason, is that for years our "on the take" politicians took the payoffs to keep the status quo, instead of being pioneers and launching truly remarkable nuclear projects, drilling projects, etc. So we're beholden to what ever ends up happening over there. Isn't that just grand? Haven't our politicians done a swell job of looking after America first?

stalion said...

So, we've lost close to 300 points in two days. Now, what happens next? Do they shake this off and up we go? I think that what is probable is that we gap down at the open tomorrow, and then "boom" we get a nice rally higher that takes us green. But.. I do still think we're in pull down mode and even if we end tomorrow green, I think it's a one day event.

stalion said...

In ref to FAZ FP of 77:

2/23 close is 8.15 with the r/s price would be 40.75

2/24 I think FAZ MAY trade down around ~38

2/25 back up again and trade ~45

~ mid March I could see 77 for FAZ (Jay has mentioned 3/10-28 as a plunge)

stalion said...

Goldman Sachs sees nothing worth buying, may start selling

http://www.arabianmoney.net/gold-silver/2011/02/08/goldman-sachs-sees-nothing-worth-buying-may-start-selling/

Jay Strauss said...

Abdullah
NOT THE Chart at the TOP of the MAINPAGE- ITS BEEN UP THERE FOR EVERYONE TO READ for WEEKS

Specifically Mentions
MARCH 18th to 28th PLUNGE
as the PICTURE SHOWS

ENERGY psych reading calls for EXHAUSTION on MARCH 18th.

Jay