Market Timing - posted 1230 EST
Swing trade – REVERSAL TO 100% LONG
Investor core – still in 100% cash
We are at the Great Wall of Chin-up at SPX 1310 and OEX 595. Can the bulls get above the bar and stay there?
I expect a few attempts to get above this level of resistance. If the indexes eventually get above these levels, then I expect to see at least one downward pullback to test this level during the next few sessions. I will comment as events occur.
Good Trading and God bless
W. B. Busin
Thursday, March 16, 2006
Timing Market Turns UPDATE 2 – 03/16/2006
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