Wednesday, March 28, 2007

 

Wednesday, 3/28, should be a bad day for stocks

I am looking at the charts and if I am right about the beginning of a correction then we should start it fairly soon. Otherwise, we should hold the 12,000 level on the Dow over the next two weeks and turn to make a new high. 12,500 is looking like good resistance on the upside.

Also, please read these two articles from Paul Kasriel of Northern Trust. He has some interesting metrics concerning predicting recessions and the currently inverted yield curve.

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