Today is Wednesday 01/04/2007
Happy New Year!
We will soon publish our forecast for the early months of 2007 like we did last year.
We expect a year of turmoil for the markets as we foresee a multi-month correction to the 2006 upward movement. That correction is not likely to begin before early spring 2007.
The current correction that will unfold from this New Year's week will stretch for several weeks, but is not likely to carry too far away from the current SPX and Dow 30 levels, (e.g., SPX should hold above 1300 to 1320).
We expect another upward pulsive movement to follow on. It should be a final one in this ongoing rally from the lows of October 2004.
The correction that will follow the final upward move is expected to last for months, well into late 2008.
We shall have quite a bit more on this in our newsletter and website as time passes.
God bless all of you.
W. B. Busin
Thursday, January 04, 2007
Timing Market Turns - Wednesday 01/04/2007
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