Timing Market Turns - 04/20/2006

Posted at 0830

Market Timing for Daily and Intraday Trading Options, Futures and ETF's on SPX, NDX, and DJIA.

Our Swing position - 100% short position at the opening today with tight stops set just above stated resistance.

Our Investor core position - we will remain in cash till SPX 1290 is breached again (which may be tomorrow).

We expect a slightly higher high intraday, then a lower close. We remain short in the Swing position and will allow for a minor touch of our stops.

All of indicators point toward a downward move - but extreme caution remains the watchword for today and tomorrow as this expiration week ends.

Good Trading and God bless you.

W. B. Busin