Here I go again with the predictions (I just can't help myself)...
Tomorrow (Thursday, March 15th) is going to be a bad day on Wall St. and I don't think that Friday is going to be much better (and if Thursday isn't that bad, Friday will be the worse day).
If I had to guess, tomorrow will go 300+ points lower on the Dow and due to the steepness of the descents I am seeing in recent days, it could go much lower.
If we don't see sharp declines by the end of the day or if the Dow breaks out above 12,250 in the morning or 12,200 by mid-day, then my theory is blown.
It looks like yesterday's rally will arc up slightly more and peter out sometime during the day. The trip to the downside of that arc will be steep and painful.
Dow 11,500?
# posted by Howie Hardcore @
3/14/2007 11:14:00 PM ::
Looking at the chart, there's a good chance Dow will drop another 400+ points on Monday and carry over to Tuesday, ending up around 11,700. We'll probably know at the open. If the price breaks above 12,150 then this downward slide is over. However if the open is a lot lower or if you see the price continuing to slide in the morning, expect the slide to pick up speed until it hits -350 points.
# posted by Howie Hardcore @
3/02/2007 10:10:00 PM ::
