Market Timing-Whats Next -May 16th Closing report

May16th @ 8am

SINCE futures are Pointing to a lower open, I see no reason to wait till 8:30am to publish the EKG

looks like they open lower, back test and continue to slide ALL AS PREVIOUSLY PROJECTED

Forget about yesterdays amusing projection for an UP open- sometimes, the up becomes a back test.

IF not the fear of NOT raising the debt limits, its what each party will have to give up in the process.

expect Unstable and peculiar events
expect scandals with no successes

Jaywiz INDEX Ths = .22 quite beaish
Jaywiz index Fri .15= VERY BEARISH

258 bars at 10:30 along with next energy at the same time could offer the AM low.
78.6%/13 day at 12:25 could also offer another pivot low

Tomorrow's FM calls for UNYIELDING attitudes toward Money & resources.
Instability & insecurity abound

Wed provides a reprieve but be wary of what might look like a bargain

more later
Jay

SCORE ANOTHER SUCCESS FOR THE EKG
HOORAY -- STILL AT 80% DAILY accuracy

Jay