Market Timing Update 1 - 10:45 E.S.T.
Trading for 2 days inside a 6-8 point range and then you see 8 points downward in SPX and 9 points downward in the March futures, in 21 minutes! Now what should we expect?
Most of the day will resemble the last 2 days. Why? Perhaps because most investors and traders have resumed their 'dipster' attitudes. It is for that reason that we have set such a challenging 'test' for the markets today. We did not mention that the downward structure looks incomplete also.
We'll be back in here around 1130. It should perform some upside action till then.
Good trading and God bless
W. B. Busin
Wednesday, January 25, 2006
Timing Market Turns 01/25/2006 Update 1
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