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Mutual Funds - Mutual Funds.
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Posted by bkenison on August 2, 2008, 6:48 pm
The Kenison Counting Numbers market timing method uses a unique and
powerful number counting sequence to project important market high
and
low points in the future by counting forward from high and low points
in the past. Three month, three week, three day and three hour
reversal zones are projected at specific time counts in the forward
progression.
For instance, when a market trades up into a monthly, weekly, daily
or
intra-day reversal zone, then an important top is being projected to
occur during that time frame. The opposite is true if a market trades
down into a projected reversal zone.
As an historical reference, in late 2006 Kenison Counting Numbers
projected three high potential three month reversal zones would occur
for the S&P in 2007. They were centered on the months of January,
June
and November 2007.
The S&P entered a very important monthly top reversal zone when it
moved up into the three month reversal zone centered on January 2007
indicating a terminal top count being projected off the monthly count
starting point bottom in October 2002. A major intermediate top did
occur in February 2007.
Also, we concurrently entered a weekly terminal top to top
count projecting off the high in the second quarter of 2006. The week
of February 12, 2007 was the center week of this very important three
week reversal zone. The market moved up into that weekly reversal
zone. This provided us with a powerful monthly and weekly bearish
conjunction count. In the middle of this powerful monthly and weekly
conjunction pattern, we got a daily top to top terminal count
confirmation in the February 22, 2007 outside day reversal down top.
All the ducks were lined up in a row as the monthly, weekly, daily and
intra-day time counts were all totally in sync on this major top.
The S&P next moved up into a three month reversal zone centered on
the
month of June 2007. When the market moved above the April high, this
projected an important top would occur in May, June or July 2007. A
Primary 3rd Wave up top in a five wave up progression was confirmed
in
July in monthly, weekly, daily and intra-day terminal top reversal
zones. This very important top on the monthly charts was further
confirmed as July ended in an outside month reversal down when the
market traded below the July low in August.
From the July top, the market moved down in a well defined five wave
down pattern where a Primary Wave 4 down bullish reaction wave bottom
reversal was registered on August 16 in projected daily and intra-day
reversal zones.
The next major monthly reversal zone projected for the S&P was a
three
month reversal zone centered on the month of November
2007. The market rallied up in a Primary 5th Wave completion into
this
powerful monthly top reversal zone by pushing above the September
high
in October. This indicated an important top would occur in October,
November or December 2007.
This immediately shifted our attention to the weekly chart. A very
powerful top to top weekly conjunction count was centered on the week
of October 15, 2007. The market confirmed this very important
terminal
top conjunction count by putting in an outside day reversal down in
the middle of a projected three day reversal zone within the three
week reversal zone in what could turn out to be the most important
stock market top since 1987.
Since the powerful October 2007 stock market top, the S&P 500 Index
has sold off dramatically in a five wave Primary Wave One down.
Following the October 2007 top, the next projected major three month
reversal zone was centered on the month of April 2008. We dropped
below the February 2008 low in March indicating the market was
projecting a
significant bottom would occur in March, April or May 2008.
Following the steep sell-off, the market rallied above the March high
in April confirming a Primary Wave One down bottom in a long-term
bear
market was completed in March as projected.
From the March 2008 bottom, the market has now completed the A wave
of
an ABC Primary Wave 2 bear flag reaction wave to the upside. An
apparent B wave push to the downside is now in progress.
The next significant monthly reversal zone is projected to be a three
month reversal zone centered on the month of September 2008. It
appears we are now heading down into that reversal zone where the B
wave of Primary Wave 2 should be completed. If this is the way the
market plays out, this would be an excellent point to buy index calls
on a confirmed bottom.
The next three month reversal zone for the S&P is centered on
December
2008 where a rally into that reversal zone would complete the top of
the C wave of Primary Wave Two. If the market plays out like this,
this would be the time to buy index puts on a confirmed reaction wave
top. Following that top, a massive sell-off in a Primary Wave Three
to the downside will begin.
Copyright (c) Bruce Kenison. All Rights Reserved.
-------------------------------
Bruce Kenison is the publisher of BRUCE KENISON'S MARKET TIMING HOME
STUDY COURSE, 5TH EDITION which details how the unique and powerful
KENISON COUNTING NUMBERS market timing system works. For a free
subscription to BRUCE KENISON'S MARKET TIMING SIGNALS e-mail
newsletter and a free Special Report entitled THE KENISON COUNTING
NUMBERS STORY, send a blank e-mail with "Subscribe" in the subject
line to:
brucekenison1@yahoo.com
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