Wednesday, April 01, 2009

Gyrations but Lower

Yes the mkt is headed lower
yes there will be gyrations
BUT we need to be able to make $$ on the above


Yesterday's high at 2:55 at 810spx hit the high note BUT where is the low note ?

Im better at WHEN
Im still looking at April 8th for the next TRADEABLE low note, but we will update as we go

for NOW
I still have April 2nd at NOON for a near term low point, and whip saw UP till 3pm {most likely} on the same day
Believe it or not, my POWER index shows a collapse right after and a lower low on the MORNING of April 3rd.

Not sure how Im going to play that scenario, but will keep updating as we go
I dont like to get whipped around like that- I need to have control.
AND - Its hard to wrap your brain around trading that kind of day,
so I might consider closing out shorts on the close today
rather than wait for noon on the 2nd??????

KEEP THIS In MIND for April 2nd - IT IS POSSIBLE for a higher open, which makes the noon low, NOT a lower low
but only a dip within a rebound to that 3pm high;
can they actually duplicate the 3pm high again ??- it sure can - maybe 2;45 this time- but im just guessing


Also check Twitter during the day for ONE LINE snippet UPDATES

More Later
Jay

5 comments:

  1. Anonymous9:41 AM

    jay,

    tried viewing your comments on twitter - never used it before but just registered - what name or contact can i see your comments at?

    thanks

    jeff

    love your blog !!

    ReplyDelete
  2. Jaywiz10534


    just scroll down the active posters

    there are only a few but they are prolific

    too much time on their hands

    Jay

    ReplyDelete
  3. Anonymous12:51 PM

    Please enlighten a newbie
    I registered a Twitter account and then I search for Jaywiz10534 but find nothing ?

    Regards,
    Alfa

    ReplyDelete
  4. Anonymous2:01 PM

    Why do we need twitter? Furget it

    ReplyDelete
  5. Anonymous2:12 PM

    Having problems with Twitter too. Guess I'm with the last poster. Why??? Just another site or link to maintain as I see it.

    ReplyDelete