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11-15-07, 08:47 PM
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| The Secret Indicator That Predicts Huge Reversals Many years ago, I discovered a very powerful predictive relationship between two of the indicators presented on the weekly charts at: http://www.pricecharts.com Observe the relationship between the 7-Bar ADX line and the Market Sentiment line on any market's weekly chart. You will notice what I have labeled the Widen/Buy and Narrow/Sell Effect. When you see these two indicator lines significantly and abruptly widen away from each other, a major bottom buy point is imminent usually within three to four weeks. When you see those two indicator lines significantly and abruptly narrow towards each other, a major top sell point is imminent usually within three to four weeks. Combining these buy and sell signals with observation of the same markets exhibiting extreme bullish or bearish net positions as reflected in the commercials line of the Commitment of Traders charts is an important confirming element. When I see these signals line up like ducks in a row, I apply Kenison Counting Numbers to the monthly, weekly, daily and intra-day charts to ultimately determine long-term put or call buying entry points. Then all you do is wait for the inevitable favorable price explosion. Kenison Counting Numbers are then subsequently used to determine the proper exit point where the profitable new trend you've been riding exhausts itself. Copyright (c) 2007 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 and newsletter available free to investors and hedgers. He is also president of a publishing and seminar production company that he founded in 1976 which recently published the 5th Edition ofBruce 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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