The Next Big Down Leg For Stocks

[bkenison]

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 60 minute bar charts three day three hour reversal z 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 z projected beforeh on the monthly weekly daily 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.
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Bruce Kenison founded a publishing seminar production company in 1976 that recently published the 5th Edition ofBruce 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 is the editor of Bruce Kenison's Market Timing Signals ezine newsletter available free to investors hedgers. For a free subscription to the ezine or newsletter information on products services send a blank e-mail with "Subscribe" in the subject line to: brucekenison1@yahoo.com

[ohioguy]

I'm not sure If I completely agree with this analysis. I think the market is healthy fundamentally will continue to climb this year albeit with a little more volatility.

[buckeyefan]

I'm not so sure that the market is very healthy. I think that one spark (such as a housing collapse) could send the market in a downward spiral. In my opinion a bear market is on the horizon.

[bengalfan]

I think that it is hard to predict what will happen this year. One can interpret the economy both ways. It just depends how confident the traders are. The bears might start coming out again.

[4xis2ez]

Here's a post Kenison about the stock market:

"Kenison Counting Numbers are now projecting that a major top in the U.
S. stock market is imminent. We are now entering a critical time
period over the next several weeks where a momentus reversal to the
downside will occur.
By applying the counting numbers to the monthly chart a powerful
three month reversal zone centered on the month of January 2007 is
projected. By next applying the Kenison Counting Numbers sequence to
the weekly chart a high probability top reversal is projected to occur
in the three week reversal zone centered on the week of January 1. We
will be correspondingly applying the counting numbers sequence to daily
60 minute charts to determine the three day three hour reversal
z contained within the monthly weekly reversal z already
projected". Unquote.

There was a correction in the stock market in late Feb. But the market has made new highs since then. No momentus downside move!

This Kenison guy has posted his stuff on every message board on the internet. Obviously he is a marketer extraordinare but certainly no trader.

[LogicRules]

This is just another of the endless examples of what happens when people think they can predict what will happen next.

Govt intervention inflation are big factors in keeping the US stock market pumped up but...NO ONE knows where it will go next.

No one.

[bkenison]

First a little history. 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 60 minute bar charts three day three hour reversal z were projected forward resulting in a confirmed daily reversal top on February 22 2007.

Following that top a massive stock market sell-off which included the highest volume down day in history confirmed the Kenison Counting Numbers timing that a major top reversal would occur in reversal z projected months beforeh on monthly weekly daily intra-day price charts.

The June S&P sell-off reached a bottom on March 14 2007. Kenison Counting Numbers rules generated a reverse direction buy signal the very next trading day when the market rallied above the top of the March 14 daily range. The market then traded up into a three day reversal zone centered on March 23 2007. However by failing to confirm a reversal top at that point the market generated a bullish continuation signal instead.

In a post on March 20 2007 I noted that Kenison Counting Numbers projected that the next major monthly reversal for the U. S. stock market would occur in a three month reversal zone centered on the month of June 2007. I also indicated at that time that the next major weekly reversal would occur in a three week reversal zone centered on the week of May 28 2007.

So where are we now?

The Dow J Industrials June S&P have now both rallied above the April highs into the three month reversal zone centered on June 2007. They have also rallied up into the three week reversal zone centered on the week of May 28 2007. Consequently Kenison Counting Numbers are now indicating that the stock market has committed itself to a major top being made in this time frame.

Lastly by applying the counting numbers sequence to the daily 60 minute intra-day charts we can see that projected three day three hour reversal z are also now indicating that the top is at h. Stay tuned for further updates.

Copyright (c) 2007 Bruce Kenison. All Rights Reserved.

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Bruce Kenison founded a publishing seminar production company in 1976 that recently published the 5th Edition ofBruce 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 is the editor of Bruce Kenison's Market Timing Signals ezine newsletter available free to investors hedgers. For a free subscription to the ezine or newsletter information on products services send a blank e-mail with "Subscribe" in the subject line to: brucekenison1@yahoo.com

[dowtrader]

It does look like a down leg is imminent -