Timing Market Turns - 03/14/2006

Market Timing - posted 0928 EST

Swing Trade position - 100% cash

Investment core position - 100% cash

Still No Trade

Today looks like it could be the beginning of a spike downward. As I expect volatility this week, the risk of a turnabout could be just as volatile.

The SPX made a glancing blow at 1288 and might try later this week at 1290. The reward to potential reward for being long is nil. Until an upward breakout is coming soon, just not now.

The downward action may entice the day trader. Swing traders should remain in cash.

SPX 1250 is still possible but not likely this week.

Good Trading and God bless.

W. B. Busin