Timing Market Turns 01/29/2006
Then Sometimes the Expected Happens
Market Timing for Swing Trading Wednesday – We expected to enter a new short position, but conditions did not develop to our satisfaction. So we remain in cash.
Market Timing for Investors We remain in cash in the investment core position also.
We see this lateral movement or correction lasting perhaps 2 more days. Volatile moves intraday in both upward and downward directions could be frequent.
We are pleased to be in cash during this time.
We see initial downward support to be at SPX 1268-70 tomorrow.
Good trading and God bless.
W. B. Busin
