Timing Market Turns 2 - 04/20/2006

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

Posted at 1026 EST

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.

Stops hit and we will exit this trade.

Suggest short position traders might want to exit immediately. We are wrong about direction.

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