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Posted by bkenison on August 1, 2007, 7:45 pm
Kenison Counting Numbers are now projecting that a major multi-month
top in Crude Oil is at hand.
By applying the counting numbers to the monthly chart, a powerful
three month reversal zone centered on the month of September 2007 is
projected. Crude has now rallied above the July monthly high in
August, indicating that Crude has committed itself to an important top
which will occur in August, September or October 2007.
By next applying the counting numbers sequence to the weekly charts,
we see that a powerful three week reversal zone centered on the week
of August 6, 2007 is being projected. Since the market has now traded
up into this reversal zone, we would expect the top to occur during
this time frame.
We will be correspondingly applying the counting numbers sequence to
daily and 60 minute charts to determine the three day and three hour
reversal zones contained within the three week reversal zone already
projected.
Copyright (c) 2007 Bruce Kenison. All Rights Reserved.
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Bruce Kenison is the founder of several market timing advisory
services employing the Kenison Counting Numbers precision market
timing method and is the editor of Bruce Kenison's Market Timing
Signals ezine and newsletter available FREE to investors and hedgers.
He is also president of a publishing and seminar production company
that recently published the 5th Edition of Bruce Kenison's Market
Timing Home Study Course. For a FREE subscription to the ezine or
newsletter and information on products and services, send a blank e-
mail with "Subscribe" in the subject line to: brucekenison1@yahoo.com
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