Market Timing - posted 0919 EST
Swing trade – still 100% LONG
Investor core – still in 100% cash
Certain daily and 130 minute intraday sentiment measures have gone extremes. In one measure, it is at historical bullishness. We have seen extremes leak off some the excess by lateral trading. The triple expiration and new highs during an expiration week may be the cause. I did want to mention these as we approach the next time locus for Monday, March 20th.
We will closely watch the same levels of resistance for the SPX and OEX we have discussed before.
Good Trading and God bless
W. B. Busin
Friday, March 17, 2006
Timing Market Turns – 03/17/2006
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