Market Timing - posted at 1205 EST
Swing trade - still 100% short. Stop at SPX 1310, MIT.
Investor core - still 100% short. Stop at SPX 1310, MIT.
{MIT is market if touched, or immediate closing of position}
The bonds have made an upward move as mentioned. And so did the indexes, unlike our thoughts for a downward reaction.
Today's upward move does not look complete yet. The afternoon session should offer an indication of whether this trade is wrong or still has downside potential.
We will update here at 1430 EST
Good trading and God bless
W. B. Busin
Friday, March 24, 2006
Timing Market Turns Update– 03/24/2006
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