Monday, September 22, 2008

Down Monday Spt 22

As predicted, its 10:25 and the dow is off 155

bail out cost rises, and thats just for investment banks. Whats it going to cost to save AIRLINES, or Auto's, & the list goes on.

VHF index = 8 & showing weakness
Jaywiz index = .38 - neutral
OIL + 4.00, not good this week
Power index = 350- toward the LOW side- thus the down mkt
Pressure down to 2990 from a high last week of 3004 = weakness
Activity index ovnt droped from a +2 to 1/2 and flat line = weakness
Flux index = 1010 which is well under the median of 1030, so also weak

WHATS Expected this week?
thanks for asking-
As previously noted,
a LOW on WED at noonish;

Best for now
Jay


2 comments:

  1. Anonymous12:40 PM

    Hi Jay,

    very interesting blog !
    Do you expect much more upside for oil price this week?

    Thanks,
    Julia

    ReplyDelete
  2. Anonymous4:15 PM

    Jay,
    Is the market still going to turn around tomorrow?
    Thanks,
    Harry

    ReplyDelete