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Posted by bkenison on May 18, 2008, 6:55 pm
Kenison Counting Numbers are now projecting that a major bottom in
wheat is imminent. We are now entering a critical time period where a
tremendous reversal to the upside will occur.
By applying the counting numbers to the monthly chart, a powerful
three month reversal zone centered on the month of June 2008 is
projected. Wheat has now dropped below the April low in May,
indicating wheat has committed itself to an important bottom which
will occur in May, June or July 2008.
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 May 26, 2008 is being projected. Wheat has now traded down into
this reversal zone, indicating a high probability the bottom will
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) 2008 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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