Timing Confluence to Watch for Stocks: May 8th to 10th, 2013

Historically, price projections have been much more important and reliable for marking market turns than cycles or time projections. Market timing projections have not worked well for several years, so I'm not sure what weight I would assign to the analysis shown on the chart below. There is quite a lot of interesting time symmetry in the proportional relationships between various waves since the 2009 lows. Whether or not this May 8-10 area will mark a turn in stocks, I don't know. However, if the DOW rallies into that time window and happens to be in the 15,000 area when doing so, we would have a price and time confluence. This would increase the likelihood of an important top at or near 15,000 on the DJIA. As noted on the previous blog post, 15,000 on the DOW looks very important. As it stands right now, I will be adding to short positions any time the DOW hits 15,000, whether it's in this May timing confluence or not.

Kim Rice 4/16/13