Signal That Would Confirm A Bear Market In Stocks

[bkenison]

A very important top in the S&P stock index was confirmed when the market put in an outside month reversal down in July. Before the beginning of this year, Kenison Counting Numbers had projected a major reversal would occur in a three month reversal zone centered on June 2007.
Market action since the July top has traced out a well defined five wave down pattern which made a bottom on August 6. This is presumably a primary wave one down in a new bear market. Subsequently, an apparent ABC irregular primary wave two up bearish correction wave is now being traced out with an A wave top on August 8, a B wave bottom on August 16 and a C wave up currently underway.

Confirmation of a multi-month bear market in stocks would be signaled by any drop now below the August 16 low.

If we get such a signal, we would then be pointing towards a potential major bottom which will occur in the next critically important Kenison Counting Numbers monthly reversal zone centered on the month of November 2007. Stay tuned.

Copyright (c) 2007 Bruce Kenison. All Rights Reserved.
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Bruce Kenison founded a publishing and 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 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