Market Timing - posted at 1357 EST
Swing trade - 100% long positions; stop for all positions to SPX 1290.
Investor core - 100% long positions; stop for all positions to SPX 1290. Intraday time loci for lows - 1245 & 1305 EST - if this low area gets structure and volume patterns to cooperate, a rally above resistance may get underway.
EDIT @ 1300 EST - A resistance at SPX1316 should be the first stop - but it may just run through that level to SPX 1320
The Russel 2000 (RUT) and the Dow indexes are the only laggards for new cash highs today. We expect the SPX to reach 1320 by tomorrow's close as the indexes should continue the upward move toward the close today.
We will raise our stops this afternoon after the close.
More before 1500EST
Good Trading and God bless
W. B. Busin
Wednesday, April 05, 2006
Timing Market Turns 3 - 04/05/2006
Posted by W. B. Busin at 4/05/2006 01:44:00 PM
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