Wheat Bottom Just Ahead

[bkenison]

Kenison Counting Numbers are now projecting that a major bottom in wheat is imminent. We are now entering a critical time period where a tremendous reversal to the upside will occur.

By applying the counting numbers to the monthly chart, a powerful three month reversal zone centered on the month of June 2008 is projected. Wheat has now dropped below the April low in May, indicating wheat has committed itself to an important bottom which will occur in May, June or July 2008.

By next applying the counting numbers sequence to the weekly charts, we see that a powerful three week reversal zone centered on the week of May 26, 2008 is being projected. Wheat has now traded down into this reversal zone, indicating a high probability the bottom will occur during this time frame.

We will be correspondingly applying the counting numbers sequence to daily and 60 minute charts to determine the three day and three hour reversal zones contained within the three week reversal zone already projected.

Copyright (c) 2008 Bruce Kenison. All Rights Reserved.

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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 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