Market Timing â 12/14/2005 Timing Market Turns S&P 500 (SPX) - Time Loci - points of change of direction (bold are showing strength). All times are EST for convenience. 5 minute time segments: 10:45 for a high We are biased toward a low for the time locus occurring at Thursday's close. It could be the lowest low or it could edge lower into Friday's opening moments. Nonetheless, the time locus could be either low or high, and we will trade accordingly. If it is a high of significance, we will be re-evaluating our bullish view for the remnant of the year and into Spring. More time loci coming this morning. Good Trading and God bless Merry Christmas W. B. Busin
Market Timing â 12/14/2005 Timing Market Turns S&P 500 (SPX) - Time Loci - points of change of direction (bold are showing strength). All times are EST for convenience. 5 minute time segments: 10:45 for a high 11:05 11:35 11:40 More time loci coming . Good Trading and God bless Merry Christmas W. B. Busin
Market Timing â 12/14/2005 Timing Market Turns Price reaction yesterday and Monday have yielded projections for a low near SPX 1250, but at least near the 1255 level. We prefer to see the SPX 1258 level hold and begin to move upward from there. Good Trading and God bless Merry Christmas W. B. Busin
Market Timing â 12/14/2005 Timing Market Turns S&P 500 (SPX) - Time Loci - points of change of direction (bold are showing strength). All times are EST for convenience. 5 minute time segments: 10:45 for a high 11:05 11:35 11:40 2:45 3:30 Structure of ES and YM March contracts have acquired a look of 5 up completion. So we go on with the view of a short term correction is coming in this option expiration week. We would like to be very wrong about that view. We hope to be proved wrong. This type of view keeps us in cash for the moment. Good Trading and God bless Merry Christmas W. B. Busin
Market Timing â 12/14/2005 Timing Market Turns S&P 500 (SPX) - Time Loci - points of change of direction (bold are showing strength). All times are EST for convenience. 5 minute time segments: 10:45 for a high 11:05 11:35 11:40 12:42 1:25 1:35-37 1:40 2:13 2:45 3:30 If intraday trend is in control, the 3:30 time locus should see the SPX working towards the 1260 level. I must attend to business matters for the rest of the day. Good Trading and God bless Merry Christmas and Happy Hanukkah W. B. Busin
Yesterday's downward move to the afternoon low seemed incomplete. Our projection toward SPX 1260 still stands. The indexes seem to be making up for the foot dragging yesterday. We're running the data - we'll have some time loci later this morning. Good Trading and God bless W. B. Busin
Market Timing â 12/15/2005 Timing Market Turns S&P 500 (SPX) - Time Loci - points of change of direction (bold are showing strength). All times are EST for convenience. 5 minute time segments: 1210-12 1229 1240 1250 1345-48 more coming Good Trading and God bless Merry Christmas and Happy Hanukkah W. B. Busin