Market Timing Update - 02/23/2006

Market Timing for Traders and Investors - 1017 EST

Additional downward movement is likely to at least cover yesterday's opening gap in the S&P 500 futures, SPh06, at 1285. If we see a reversal before covering that gap it will assuredly have to be to new recent highs very quickly, or we would expect that the index will simply return to the range of yesterday's highs. Then it would likely trade sideways to upward into the time loci mentioned previously.

A frustrating morning, isn't it? Here is where discipline and patience will help to maintain profits and clarity of purpose.

Good Trading and God bless

W. B. Busin