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Technical Investment Methods - Analyzing market trends with technical methods.
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Posted by brucekenison1@yahoo.com on May 13, 2008, 10:42 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.
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 June S&P 500 contract 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 as we now
know.
See the monthly S&P 500 chart at:
http://www.tfc-charts.com/chart/SP/M
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.
See the weekly S&P 500 chart at:
http://www.tfc-charts.com/chart/SP/W
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.
See the daily S&P 500 chart at:
http://www.tfc-charts.com/chart/SW/X
We next moved up into a monthly 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 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. The weekly timing count from the October
top projected a weekly reversal zone centered on the week of March 3,
2008 as the next major timing event. The market rallied up into that
zone in the week of February 25, then promptly reversed down by the
end of the week with follow through to the downside the following week
confirming a reversal down bearish reaction count completion. This
confirmed the bear market move was still in progress.
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 be
registered in March, April or May 2008. Subsequently, the market
rallied above the March high in April confirming a monthly bottom was
made in March as projected.
Counting from the March 2008 bottom, the market has traced out an
irregular bearish ABC bear flag reaction wave to the upside which has
pushed up into a three week reversal zone centered on the week of
April 28, 2008. This count has projected an important bear flag top
would be completed during this time frame with an energetic push to
the downside to follow.
The next significant monthly reversal zone is projected to be a three
month reversal zone centered on the month of September 2008.
Copyright (c) 2008 Bruce Kenison. All Rights Reserved.
--------------
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 or newsletter available FREE to investors. 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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