Market Timing - posted at 0940 EST
Swing trade - 100% long positions; stop for all positions to SPX 1290.
Investor core - 100% long positions; stop for all positions to SPX 1290.
Resistance remains strong at SPX 1310 to 1315 as we stated here in previous weeks. It is actually multi layered. A breaking through of those levels early today would signal good underlying strength, even if it fell back and tested at or below those levels.
More later, after the opening hour.
Good Trading and God bless
W. B. Busin
Thursday, March 30, 2006
Timing Market Turns - 03/30/2006
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