bkenison
06-10-2007, 08:37 PM
Kenison Counting Numbers are now projecting that a major bottom for Live Cattle is imminent.
By applying the counting numbers sequence to the monthly charts, an important bullish reaction wave bottom reversal is projected to occur in a three month reversal zone centered on the month of June 2007. By next applying the Kenison Counting Numbers sequence to the weekly charts, a bottom reversal is projected to occur in the three week reversal zone centered on the week of June 11, 2007.
So, where are we now?
The August Live Cattle contract has now dropped below the April lows into the three month reversal zone centered on June 2007. The market has also now dropped into the three week reversal zone centered on the week of June 11, 2007. Consequently, Kenison Counting Numbers are now indicating that the Live Cattle market has committed itself to a major bottom being made in this time frame.
Lastly, by applying the counting numbers sequence to the daily and 60 minute intra-day charts, we can see that projected three day and three hour reversal zones are also now indicating that the bottom is close at hand. Stay tuned for further updates.
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 of Bruce 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
By applying the counting numbers sequence to the monthly charts, an important bullish reaction wave bottom reversal is projected to occur in a three month reversal zone centered on the month of June 2007. By next applying the Kenison Counting Numbers sequence to the weekly charts, a bottom reversal is projected to occur in the three week reversal zone centered on the week of June 11, 2007.
So, where are we now?
The August Live Cattle contract has now dropped below the April lows into the three month reversal zone centered on June 2007. The market has also now dropped into the three week reversal zone centered on the week of June 11, 2007. Consequently, Kenison Counting Numbers are now indicating that the Live Cattle market has committed itself to a major bottom being made in this time frame.
Lastly, by applying the counting numbers sequence to the daily and 60 minute intra-day charts, we can see that projected three day and three hour reversal zones are also now indicating that the bottom is close at hand. Stay tuned for further updates.
Copyright (c) 2007 Bruce Kenison. All Rights Reserved.
--------------
Bruce Kenison founded a publishing and seminar production company in 1976 that recently published the 5th Edition of Bruce 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