*~1Best~* Market Timing & Trend-Signals

[Jamestown]

Well it looks like we turned just where we had to today. A very nice reversal today. Futures as of this writing are up nicely and except for the SOX we have reacted off of support. Tomorrow will be an extremely important day for the market. If the SOX goes down and then reverses I believe that a good bottom has been confirmed. It's the end of month and the last trading day of March has been questionable as of direction. If I recall correctly, the first half of April is generally the strongest period as compared to the latter half of April. The market has been pushed and shoved lower but it is like the energizer bunny-at least so far.

The 60 min charts seem to be turning upward even for the XAU which is an interesting play considering physical gold was down hard today. It will be interesting to find out how the foreign markets react to today's action in the US.