Market Timing - posted at 2320 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. At 1558, the downward structure appears nearly complete. Tomorrow may finish the gap closing movement.
We are still pointed to the 11th of this month for a high. This trade is only 4 days in length but may have ground some swing traders into mush by now. The next three days will show the path of the structure building here won't it. We will still take tea and a scone after the markets close.
What has not happened is new lows being confirmed, giving us an indication that we are wrong. The predicted turn today at the noon locus was precisely called for as the retail buyers became exhausted. Look at the volume measures during the morning against the afternoon session.
The next four months -
I have been preparing a follow on article to the January 9th article. This will be similarly titled as a Brief History of the next four months. This time I will cover many more markets than just equity indexes. We hope that it will be as accurate as the previous forecast. We will cover U.S. Treasuries, precious metals, crude oil and some Foreign currency cross rates, or currency pair trading.
All the while we will be working to bring you the new website.
Good Trading and God bless
W. B. Busin
Monday, April 03, 2006
Timing Market Turns 8 - 04/03/2006
Posted by W. B. Busin at 4/03/2006 11:01:00 PM
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