Timing Market Turns for 01/26/2006 1500 EST
Market timing for
Traders: towards the close, we are looking for test of support at SPX 1271.
Investors: we are staying long all core holdings. The indexes are significantly above bearish reversal levels, as we posted in yesterday's postings.
Today has been a typical post-breakout day - go make an even higher high than the breakout day, then selloff into a trading range. These usually end with a seemingly strong move in both directions to clear out the unsure and uncommitted.
Good Trading and God bless
W. B. Busin
P. S. Will update if the unusual happens - such as breaking the range on this current spike up near 1500 EST.
Thursday, January 26, 2006
Timing Market Turns 01/26/2006 Update 1
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