Timing Market Turns - posted 1155 EST (next update at 1400 EST)
Market Timing for Traders – still 100% in cash
Market Timing for Investors – still 100% in cash
At this time, only the SPX, RUT and the NYA have continued to make new highs relative to the January highs. The OEX, Dow, NazComp, NDX and the SOX have yet to exceed those high levels.
We remain in cash and await a clearer pattern in the volume structures of the indexes. The S&P futures also lags the January highs.
When we see this many differences, among many other indications, we will claim our seat in the viewing loge and wait for the picture to clarify itself.
Good Trading and God bless
W. B. Busin
Monday, February 27, 2006
Market Timing Update - 02/27/2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment