fader,
Something devoured my previous reply to you.
Hand is better, thank you for well wishes.
I can see similarities with your point about 1991 and 1992. But I also see more interesting differences. Those years were a small recession, and set up the excellent market and industrial...
Market Timing â 12/12/2005
Timing Market Turns
We have moved to 100% cash. We expect the next part of the upward move off the October 24th low to begin within the next 1-2 days, if it hasn't begun.
Friday's trading coupled with today's shallow retreat may yield one more downward...
Market Timing â 12/09/2005
Timing Market Turns
We are still short across the position. Ready to reverse to long whenever the price and volume signals and time locus points are conjoined.
Good Trading and God bless
Merry Christmas
W. B. Busin
Market Timing â 12/09/2005
Timing Market Turns
Time locus around 2 o'clock today. I am assuming that it will be a high.
If it is a high of this reaction from the 2:39 p.m. low yesterday, then the size of the decline and support holding will be a factor in reversing to long before...
Market Timing â 12/09/2005
Timing Market Turns
I'm looking for a short term high at 11:05
might get a rough ride down later
Good Trading and God bless
Merry Christmas
W. B. Busin
Market Timing â 12/08/2005
Timing Market Turns
We don't mind saying that we are ambivalent about covering our longs, even as the time locus of 11:45 has occurred.
It is the structure and price that has us scratching our ear, wondering which scenario will play out today and tomorrow...
Market Timing â 12/07/2005
Timing Market Turns
scalp buy possible for the YM and ES
Today's action might indicate that tomorrow's 11:45 might become a low instead of a high.
We will not go to cash if that is the case. We will look under the market's bonnet later this afternoon...
Market Timing â 11/28/2005
Timing Market Turns
Next SPX timing locus for a high is Thursday, December 8, 2005 at approximately 11:45.
We have stayed long in our core positions throughout the recent minor pullback. We will go to cash on Thursday in those positions, unless otherwise...
Market Timing â 11/28/2005
Timing Market Turns
Better looking structure at this point in time.
Range level to possibly YMZ05 10,940.
EDIT: 4:20 est I expect an upward run at the open tomorrow toward that 10,940 level. Then, if it continues on upward above 10,955 I might add to...
Market Timing â 11/28/2005
Timing Market Turns
Scalp trade on YMZ05 - long
covered for 6 points - not fine winner.
Good Trading and God bless.
W. B. Busin
Market Timing â 11/28/2005
Timing Market Turns
SPX 1255 should provide necessary support it if the index gets there.
Dow 30 support at 10,800.
Good Trading and God bless.
W. B. Busin
Market Timing â 11/28/2005
Dow 30 Projections Levels of Resistance
11,250
11,366
11,647
12,460
12,955
15,405
23,850
These are quite solid levels to look for a tradable high.
Good Trading and God bless.
W. B. Busin
Market Timing â 11/28/2005
Timing Market Turns
We donât project a tradable high for today. But we do see tradable lows coming to prominence. These are quite useful to add to long positions or to initiate a long position. The timing loci are going to be simply incidental to the...
Apologies for not posting sooner. I had a microwave accident- steam burn on the top of my fingers and hand. Careless, simply careless. Blistered and a bit of pain too. All are mending. Typing with 1 finger and a thumb on wrong hand.
Steady onward. The marketâs humour is evident again...
Fader,
I thought you said a couple questions. :)
1. usually 2% -- this trade we just used price level, then took them off when volume started to decline before the low. I couldn't get a reliable sense for what kind of structure was developing down near the lows, so it seem prudent to...
Market Timing 11/18/2005
Update:
We are short as mentioned above. Stops in place.
Let's see how far below the opening gaps they take the indexes.
Good Trading and God bless.
W. B. Busin
Market Timing for 11/18/2005
Option Trading -
We will be 100% in cash after the open.
Futures Trading -
Longs are covered and in cash. We will take a small short position after the opening when the opportunity presents.
Investment (over 1 year trading focus)- We would stay...
Timing Market Turns 11/17/2005
An objective view of today: It was up across the indexes.
24 Dow stocks up
432 S&P 500 stocks up
It would seem a bullish day. November is a very bullish month. Most broad indexes are at or above resistance of recent highs. Getting above those levels...