Before the beginning of this year, Kenison Counting Numbers projected that the S&P 500 stock index would see three major reversals occur in three separate three month reversal zones centered on January, June and November 2007.
Market action this year has already produced significant monthly top reversals occurring in February and July. The market has now committed itself to a third major monthly top, perhaps a multi-year top, by now rallying above the September highs in October. This third top of a very powerful triple top reversal slope pattern could turn the market down into a massive sell-off that could result in a screaming dive for stock markets worldwide.
And, when the Kenison Counting Numbers sequence is applied to the weekly charts, a powerful three week reversal zone centered on the week of October 15, 2007 is projected. The market has now also rallied up into this three week reversal zone. This indicates there is a huge potential for a major top to occur within this time frame.
So, when does the Kenison Counting Numbers sequence project the next significant three month reversal zone for the S&P will occur?
It will be centered on the month of April 2008.
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
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