Timing Market Turns Update 3 - 03/28/2006

Market Timing - posted at 1518 EST

Swing trade - 100% cash position from today's open.

Investor core - 100% cash position from today's open.


Almost anything the happens with the indexes, between now and the close, will trigger many buy signals on charts. That is the purpose for waiting till the volume and structure return to equilibrium.

Ten points downward on the SPX, 100 points for the Dow Industrials, and 20 points on the Nasdaq 100 seems impressive till a view of a daily or hourly chart.

Remember that being in cash is a trading decision, just like being long or short an index or stock. Overtrading is only defined by the trader or investor and their own risk management system in place BEFORE a trade is executed.

We may miss a few swings or a few bold trades, but foremost in our trading mind is the current environment - a top formation. This is not the everlasting upward trend of 2003 through 2005.

So, stay patient while the indexes work through their own individual phases.

I will update briefly at 1545 EST for any trading changes.



Good Trading and God bless

W. B. Busin