Market Timing - 02/14/2006

Timing Market Turns - POSTED 1305 EST

Sometimes the markets make your trades look like pure genius and at other times makes your trades look idiotic.

Believing either case as truth is unhealthy. Each trade stands on its own like every toss of a coin does too.

The chart below shows an idea of where the barriers of resistance are for the S&P 500 Index.

Click the chart to enlarge.

Regaining a close above the thick red line will help to keep the index moving toward the SPX target of SPX 1334 on February 24th/27th. I expect a few wild pullbacks on the upward way.

I hope this helps one see what I am looking forward to in the coming days.

Good Trading and God bless

W. B. Busin