Timing Market Turns Update 2 - 03/29/2006

Market Timing - posted at 1350 EST

Swing trade - entered 100% long positions from today's open.

Investor core - entered 100% long positions from today's open.


The 1330 EST time locus is providing more evidence of a confirmed upward movement underway. Although we have earlier discussed the potential for the SPX to move toward the 1400 level, time may expire on this upward movement for that to be achieved. It will remain a possibility in the lowest range of percentages.

Unfortunately, the open this morning began with a small gap in the SPX and the OEX. I suppose that many noticed that and it deserves consideration for closure.

Risk for these positions will be greatly reduced as SPX 1310 is surpassed. Until then, this remains a high risk trade, and must be monitored.

We expect an intraday pullback toward SPX 1296 within an hour from this posting.

We will post an update after the close (by 1700 EST), if not sooner.

Good Trading and God bless

W. B. Busin