The Kenison Counting Numbers market timing method uses a unique and powerful number
counting sequence to project important market high and low points in the future by
counting forward from high and low points in the past. Three month, three week, three day
and three hour reversal zones are projected at specific time counts in the forward
progression. For instance, when a market trades up into a monthly, weekly, daily or
intra-day reversal zone, then an important top is being projected to occur during that
time frame. The opposite is true if a market trades down into a projected reversal zone.

In late 2006, Kenison Counting Numbers projected three high potential three month reversal
zones would occur for the S&P in 2007. They were centered on the months of January, June
and November 2007.

The June S&P 500 contract entered a very important monthly top reversal zone when it moved
up into the three month reversal zone centered on January 2007 indicating a terminal top
count being projected off the monthly count starting point bottom in October 2002. A
major intermediate top did occur in February 2007 as we now know.

See the monthly S&P 500 chart at:

http://www.tfc-charts.com/chart/SP/M

Also, we concurrently entered a weekly terminal top to top count projecting off the high
in the second quarter of 2006. The week of February 12, 2007 was the center week of this
very important three week reversal zone. The market moved up into that weekly reversal
zone. This provided us with a powerful monthly and weekly bearish conjunction count.

See the weekly S&P 500 chart at:

http://www.tfc-charts.com/chart/SP/W

In the middle of this powerful monthly and weekly conjunction pattern, we got a daily top
to top terminal count confirmation in the February 22, 2007 outside day reversal down top.
All the ducks were lined up in a row as the monthly, weekly, daily and intra-day time
counts were all totally in sync on this major top.

See the daily S&P 500 chart at:

http://www.tfc-charts.com/chart/SW/X

We next moved up into a monthly reversal zone centered on the month of June 2007. When
the market moved above the April high, this projected an important top would occur in May,
June or July 2007.

A primary 3rd Wave up top was confirmed in July in monthly, weekly, daily and intra-day
terminal top reversal zones. This very important top on the monthly charts was further
confirmed as July ended in an outside month reversal down when the market traded below the
July low in August.

From the July top, the market moved down in a well defined five wave down pattern where a
primary wave 4 down bullish reaction wave bottom reversal was registered on August 16 in
projected daily and intra-day reversal zones.

The next major monthly reversal zone projected for the S&P was a three month reversal zone
centered on the month of November 2007. The market rallied up in a primary 5th wave
completion into this powerful monthly top reversal zone by pushing above the September
high in October. This indicated an important top would occur in October, November or
December 2007. This immediately shifted our attention to the weekly chart.

A very powerful top to top weekly conjunction count was centered on the week of October
15, 2007. The market confirmed this very important terminal top conjunction count by
putting in an outside day reversal down in the middle of a projected three day reversal
zone within the three week reversal zone in what could turn out to be the most important
stock market top since 1987.

Since the powerful October 2007 stock market top, the S&P 500 Index has sold off
dramatically. The weekly timing count from the October top projected a weekly reversal
zone centered on the week of March 3, 2008 as the next major timing event. The market
rallied up into that zone in the week of February 25, then promptly reversed down by the
end of the week with follow through to the downside the following week confirming a
reversal down bearish reaction count completion. This confirmed the bear market move was
still in progress.

The next projected major three month reversal zone was centered on the month of April
2008. We dropped below the February 2008 low in March indicating the market was
projecting a significant bottom would be registered in March, April or May 2008.
Subsequently, the market rallied above the March high in April confirming a monthly bottom
was made in March as projected.

Counting from the March 2008 bottom, the market has traced out an irregular bearish ABC
bear flag reaction wave to the upside which has pushed up into a three week reversal zone
centered on the week of April 28, 2008. This count has projected an important bear flag
top would be completed during this time frame with an energetic push to the downside to
follow.

The next significant monthly reversal zone is projected to be a three month reversal zone
centered on the month of September 2008.

Copyright (c) 2008 Bruce Kenison. All Rights Reserved.
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Bruce Kenison is 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 or newsletter available FREE to investors. He is
also president of a publishing and seminar production company that recently published the
5th Edition of Bruce Kenison's Market Timing Home Study Course. 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