Monday, August 01, 2011

Market Timing-Whats Next -August 1st - Not Doomed, but NOT CLEAN Cut

STAY TUNED TO THIS STATION FOR THE LATEST
NEWS RELATED TO FUTURE EVENTS


IVE mentioned this SEVERAL TIMES over the past few weeks

Debt restructuring voting tonight is DOOMED TO FAIL


Whats that mean for the STOCK MARKET -- DUUHH
HUGE DECLINE this week
ITS Lehman WEEK again !!!!

WHAT can be done?
 answer =Amendment 14
WHEN ? August 4th at the latest

What will happen then
BIG RALLY, of course


THIS WEEK looks like LEHMAN & TARP all in one week
We had mentioned 1260 as potential support that many tech's had been projecting, but we are so close to that now, it does NOT appear to have any merit. 

THUS a 3rd of 3rd can NOW be in the MAKING.
DOW fell 533 pts last week = wv 1 & rebounded this AM -wv 2
THEN a fibo multiple could = 860 pts to the next low=11,400
please DONT HOLD ME TO THOSE EXACT #s, 
they could be off by 100 pts  in either direction.


more later
Jay

WHATS THE REAL REASON THE HOUSE 
GOT THE VOTE PASSED- 

IT NOW SEEMS RATHER OBVIOUS
SUMMER RECESS 
DOES THAT CHANGE THE CYCLE for stocks ?

NO!!, the DEAL that NO BODY wanted was made, even by those who were dead set against it, - SO THEY could take a vacation- BUT they are telling US, it was a DEBT DEAL, and nothing else really-- FISCAL handcuffs- WHAT A JOKE








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2 comments:

  1. Jay Strauss12:14 PM

    SUBSCRIBE TO THE JAYWIZ VPN, and get ALL IMPORTANT data & updates
    IN ADVANCE

    ALL VPN Members were SETUP to SHORT THE OPEN today ,Including
    Yours Truly

    Jay

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  2. Jay Strauss6:06 PM

    VPN members are getting the most detailed up to date almost minute by minute data in advance as it becomes available

    JOIN the VPN and get the Advantage

    THE HOUSE of Reps is debating before the VOTE - WILL they actually vote if Boehner does not have enuf votes to pass

    Is that why the Senate delayed till tomorrow?

    Dems are still defending Social Services as we would expect

    Jay

    ReplyDelete