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[Kimston]

I posted several weeks back that Mar 19th to 20th looked important for a potential trend change in stocks. So far, the 19th is still holding as the top in the Nyse Compostite (NYA), which I consider an important and broad index for timing signals. My current timing analysis points to April 4th or 5th for the next important CIT, presumably finishing the topping process in stocks. I use various methodologies for timing analysis, some of which are still experimental. However, the more conventional fib timing points to next week for a potential CIT based on the following: 34 wks from wk of 8/9/11 low 55 wks from wk of 3/18/11 low 161 wks from wk of 3/6/09 low 234 (233+1) wks from wk of 10/11/07 top. Most of what I'm looking at points to the 4th for a top but it could be on the 5th, assuming we actually get turn next week. If the market sells off into the 4th/5th it could portend a low followed by another leg higher. The fed's quantitative counterfeiting program seems to make all patterns and cycles resolve to the upside. However, I noticed their balance sheet has actually be coming down a bit lately, so maybe .... Kimston