Wednesday, February 06, 2008

Closing LOWS ??

Its possible but not likely that today was the closing low of this week.

Theres still a good possible closing lower tomorrow and a intraday lower low on Friday mid day.

Today's 259 bars at 12;30 became the turn rather than the low of the day; this is a rare occurance, but I have mentioned it before.

The Eclipse effect is over tonight so we'll see if they open with a bang tomorrow, but Cisco earnings were not well received after announced.

Jaywiz index on Tuesday was a very strong SELL @ .09

Today's Jaywiz index = .47 and much more bullish.

However, the OEX pc ratio = .62 and was .68 yesterday. this indication is bearish

Friday is 180 bars @ 2;30pm which could turn in the low of the day.

Best for 2008
Jay

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