Timing Market Turns Update 2– 03/24/2006

Market Timing - posted at 1452 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 indexes are in a minor buy mode from the steep downward move from the morning session high. Bonds and Notes closed near their highs. So far, today remains a bit foggy - no clarity.

We will decide near the close whether to hold over the weekend and into the FOMC meeting. We will update at 1545 EST

WBB