Wednesday, November 26, 2008

ONE day Range

today's range is from

SPX 834 on the low side
to
875 on the high side

should hit the low at 11;30

and close on the high @875 area

Jaywiz index
Mon = 1.24
Tues = 1.55
Is a BIG rally building?

You bet it is !!!

BUT NOT THIS WEEK
PC ratios are in SELL mode today

Nov 28, a shortened day till 1 pm should drop back from 875 to 835 or about 300 dow points

However, that would offer a great spot to buy calls which I intend to do at the close Friday
Yeh, I know, dont hold positions over the wkend- well sometimes you have to risk that position.

Happy Turkey day to all

Jay


2 comments:

  1. Anonymous9:24 AM

    Happy Thanks Giving

    ReplyDelete
  2. Anonymous1:27 PM

    Happy Thanks Giving.

    Eat safely & drive safely

    Id

    ReplyDelete