KENISON COUNTING NUMBERS STOCK MARKET UPDATE

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Subject Author Date KENISON COUNTING NUMBERS STOCK MARKET UPDATE bkenison 08-20-2007  Re: KENISON COUNTING NUMBERS STOCK MARKET UPDATE UMT 08-21-2007
Posted by bkenison on August 20, 2007, 9:43 pm Before this year began, Kenison Counting Numbers projected there would be three very powerful reversal zones for the S&P 500 stock index in 2007. When the number sequence was applied to the monthly charts, the projection called for the first reversal to occur in a three month reversal zone centered on January 2007. The second three month reversal zone was centered on June 2007. And, the third three month reversal zone is centered on November 2007. Kenison Counting Numbers rules dictate that whichever way a market enters a three month, three week or three day reversal zone determines whether the reversal being projected will be a top or bottom. Trading up into a reversal zone indicates an important top will be registered. Trading down into a reversal zone projects an important bottom will be registered. For the projected monthly reversal zones in question, the signals have been very clear. Market action determined that the first reversal would be a top, which did occur when an important top was registered in February. The market also traded up into the second reversal zone indicating that the projected reversal would also be a top. This occurred when a very important top was confirmed in July resulting in an outside month reversal down. Market action since the July top has traced out a well defined five wave down pattern bottoming on August 6. This is presumably a primary wave one down in a new bear market. Subsequently, an apparent ABC irregular primary wave two up bearish correction wave is now being traced out with an A wave top on August 8, a B wave bottom on August 16 and a C wave up currently underway. So, what is the outlook for the overall stock market? We are now pointing towards a potential major bottom which will occur in the next critically important monthly reversal zone centered on the month of November 2007. Stay tuned. Copyright (c) 2007 Bruce Kenison. All Rights Reserved. -------------- Bruce Kenison founded a publishing and seminar production company in 1976 that recently published the 5th Edition of Bruce Kenison's Market Timing Home Study Course. He is also 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. 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 Posted by UMT on August 21, 2007, 9:10 am This post is 'sucker bait!' Similar Threads Posted THE KENISON COUNTING NUMBERS STOCK MARKET OUTLOOK September 28, 2006, 9:04 am KENISON COUNTING NUMBERS STOCK MARKET OUTLOOK June 30, 2007, 6:29 pm KENISON COUNTING NUMBERS EXPLAINED October 13, 2006, 7:30 pm HOW KENISON COUNTING NUMBERS WORK November 2, 2006, 8:41 am HOW KENISON COUNTING NUMBERS WORK November 3, 2006, 8:20 am KENISON COUNTING NUMBERS EXPLAINED August 31, 2008, 3:46 am HOW I DISCOVERED KENISON COUNTING NUMBERS September 11, 2008, 10:12 pm KENISON COUNTING NUMBERS PROJECT CRUDE OIL TOP August 1, 2007, 7:45 pm KENISON COUNTING NUMBERS PROJECT TOP IN BONDS August 6, 2007, 9:50 pm USING KENISON COUNTING NUMBERS TO PICK STOCKS August 30, 2006, 9:49 pm