It is recovering the origin of the strong up move.
SPX support was fragile at 1267.
more later
WBB
SPX support was fragile at 1267.
more later
WBB
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Timing Market Turns
- Thread starter W. B. Busin
- Start date
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
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
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
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
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
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
Quote from W. B. Busin:
Market Timing â 12/14/2005
Timing Market Turns
If intraday trend is in control, the 3:30 time locus should see the SPX working towards the 1260 level.
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
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
Quote from 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
P.S. still anticipating a downward move toward SPX 1258-1261 today.
1305Quote from 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
1318
1331
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