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Thursday, March 30, 2006

Timing Market Turns 2- 03/30/2006

Market Timing - posted at 1100 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.


Resistance hit. An 88% downward retracement of the morning's movement has closed a small gap at SPX 1303.60 - from here a bounce and then finish the correction structure, if needed.

Good Trading and God bless

W. B. Busin

Posted by W. B. Busin at 3/30/2006 11:59:00 AM

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