Many years ago, I discovered a very powerful predictive relation****p
between two of the indicators presented on the weekly charts at:
http://www.pricecharts.com
You can get a free two week subscription at that site.
Observe the relation****p between the 7-Bar ADX line and the Market
Sentiment line on any weekly chart. You will notice what I have
labeled the Widen/Buy and Narrow/Sell Effect.
When you see those two indicator lines significantly widen away from
each other, a major bottom buy point is imminent usually within three
to four weeks. We are seeing that condition now on the Japanese Yen
weekly chart.
When you see those two indicator lines significantly narrow towards
each other, a major top sell point is imminent usually within three to
four weeks. We are seeing that condition now on the Euro FX weekly
chart as that market appears to be nearing an im****tant bearish
reaction point in a potentially longer-term bear market.
Combining this information with a careful reading of extreme bullish
or bearish indications observed in the Commercials line of the Net
Traders Positions chart is another im****tant confirming element.
When I see these signals occurring, I then apply Kenison Counting
Numbers to the monthly, weekly, daily and intra-day charts to
determine long-term put or call buying entry points. Then all you
need do is wait for the inevitable favorable price explosion. Kenison
Counting Numbers subsequently can then be used to determine the exit
point when the profitable new trend exhausts itself.
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 publi****ng and seminar production company
that he founded in 1976 which recently published the 5th Edition of
Bruce 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@[EMAIL PROTECTED]
