Timing Market Turns - 03/08/2006

Market Timing - posted 0850 EST

Swing Trade position - 100% cash

Investment core position - 100% cash

We took profits yesterday on all positions. We mentioned potential long trades as a possibility. We have decided against it.

We prefer to wait for the next short trade to become available. We will look at the structure of any upward move in the next few days.

We will update each morning, as we expect SPX 1284 to be seen. It is possible for SPX 1288 to be strong resistance. We think SPX 1294 will prove impossible to penetrate on this small upward correction.

We expect the next significant move in the SPX to be downward with SPX 1250 as a target for support.

Good Trading and God bless

W. B. Busin