LAST Saturday- JAYWIZ projected a DOW JONES 500 point rally as the DOW had just fallen the week before from a high of 11,613 to 10, 835, a total of 778 pts.
and you thought that was funny- could not happen-hmm,
SO WHAT DID WE END UP WITH ?
10,835 to 11,509 = 673 PTS
OOOPS, I missed that one, OH WAIT, thats 173 pts MORE
than projected- oh Well better luck NEXT TIME .
______________________________________________
That brings up to TODAY'S Commentary
SPEAKING of NEXT TIME -
HERE COMES **OCT10th,** AGAIN
Thats become a VERY FAMOUS DATE, at least for market behavior.
OCT 10th , 2007 the DOW was at 14,200 an all time HIGH
Oct 10th 2008 the DOW had fallen to 8451
and of course it continued lower to March 9th at 6500
BUT WHAT ABOUT NOW, WHATS NEXT
TECHNICAL internals on the 5 days ARMS & TRIN
fell to sell levels at 72.6 & 363 - respectively
from 230.4 & 1152 respectively
WHAT THE HECK DOES THAT MEAN? you ask
SIMPLE- OVERSOLD TO OVERBOT in 5 days.
So, that still doesnt tell me whats next-
OK, OK Im getting to it
HERES THE FORECAST
THE EVIDENCE that JAYWIZ studies indicates the DOW JONES on October 10th, 2011 could be at 10,000 to 9800.
SO that means between now at 11,500 to 10,000
= a LOSS of 1500 pts-
Of course your next question is WHY?
I dont have a crystal ball, and you can speculate about all kinds of events, but Jaywiz does NOT USE MEDIA NOISE.
Scientific Resources studies technical & scientific evidence just like a detective to determine the markets next route.
IF YOU WANT ALL THE DETAILS daily as we trudge on to
that date, then join the Jaywiz VPN and GET AHEAD of the
game.
More Later
Jay
No comments:
Post a Comment