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An UP DAY to SELL!

We have been bullish over the past several days.  We are doubting the bullish pulsive character for the current upward move.  We expect to be short very soon. 

The optimistic track for an upward move of intermediate duration is less positive with recent action.  We do expect higher prices today but not high enough to support being bullish over the next few weeks.  We expect to see the indexes to decline and test the previous lows before any new upward move can be produced.

In a few words, we expect a down market for a few days and then maybe a possible set up for an intermediate turn upward.

W. B. Busin

March 27, 2008  0630 EDT


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