Our Provident Digest Blog was created to show case other author’s work that we felt had merit and would be beneficial to our readers. The attached Living Cycles news letter is published weekly by Jack Winkleman. It is purely technical in nature. Page one is a focus on the upcoming expected short term daily highs and lows. Page two takes a longer term perspective and looks at the overall pattern of expected price movement for the year. I have followed Jack’s work for over twenty four years and it’s my opinion that he is one of the nations top market timing analysts.

Living Cycles Newsletter (PDF) >>>

Posted by Michael Chapman at 1:21 AM PST

• S&P 500 and Dow Transportation indexes are down 6% and 10% respectively in 7 trading days.
• The rally back up will tell the tale
• Smart money says more down side

Are the last seven days the start of a serious bear market (down 20+percent) or, the end of fast, swift, correction in an ongoing bull market? My position since December of 2006 has been that we would see the high for 2007 made by late February, a move down into May, and then - after a bounce - another low in the fourth quarter. Given that the market is following my original projections (a “high” has been made in late February) the answer to the question is that this is the beginning of a serious down move.

Read the Bull Bear Review (PDF) >>>

Posted by Michael Chapman at 1:04 PM PST