Market Timing - posted at 1457 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. We still have not gotten a resolution for being wrong about a low at the 1305 EST locus. The time was correct. Structure since the January highs has characteristics found in corrective phases, not in pulsive phases - many overlaps. Even though this movement is corrective and forming a top, the poor structure could continue. Poor structure and symmetry makes for choppy trendless periods. That environment demands faster profit taking and tighter stop loss parameters.
Time Locus 5 minute price bars - 1445 Low - then upward toward ?? caution
Time Locus 5 minute price bars - 1525 high - then downward into the close
We are at 52% of revenues today. :(
More before 1600 EST
Good Trading and God bless
W. B. Busin
Wednesday, April 05, 2006
Timing Market Turns 5 - 04/05/2006
Posted by W. B. Busin at 4/05/2006 02:45:00 PM
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