brucekenison1@yahoo.com Guest
|
Posted: Tue Mar 20, 2007 7:41 pm Post subject: THE NEXT BIG DOWN LEG FOR STOCKS |
|
|
In a post on February 5, 2007, I noted that Kenison Counting Numbers
were projecting that a major top for the U. S. stock market was
imminent.
By applying the counting numbers sequence to the monthly charts, an
important top reversal was projected to occur in a three month
reversal zone centered on the month of January 2007. By next applying
the Kenison Counting Numbers sequence to the weekly charts, a top
reversal was projected to occur in the three week reversal zone
centered on the week of February 12, 2007.
By applying the counting numbers sequence to the S&P daily and 60
minute bar charts, three day and three hour reversal zones were
projected forward resulting in a confirmed daily reversal top on
February 22, 2007.
The massive sell-off in U. S. stock market indexes following that top
confirmed the Kenison Counting Numbers timing that a major top
reversal would occur in reversal zones projected beforehand on the
monthly, weekly, daily and intra-day price charts.
So, what are the Kenison Counting Numbers projecting now?
The June S&P has sold off sharply into a five wave down Primary Wave 1
bottom made on March 14, 2007. The market is now trading up into a
Primary Wave 2 bearish reaction wave top point that Kenison Counting
Numbers project should occur in a three day reversal zone centered on
March 23, 2007. Following confirmation of a top reversal there, we
would anticipate a huge Primary Wave 3 down for stocks that would
accelerate sharply to the downside.
The next major monthly reversal for the U. S. stock market will occur
in a three month reversal zone centered on the month of June 2007.
The next major weekly reversal will occur in a three week reversal
zone centered on the week of May 28, 2007. Stay tuned for further
updates.
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 |
|