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04/18/09 12:06 PM

#2082 RE: Pennyland #2081

** Its possible...

I'm inclined to think monday starts red and starts the slide...
mainly because of how the bearish wedges have setup (+ the shooting star on all the major indexes)...

we may have a 7-day bloodbath followed by a bounce leading into the stress test results (buy the rumor, sell the news scenario)...then some sideways action...but once people realize the earnings were a scam and banks come begging for more taxpayer money...we should see new lows by June.

But anything is possible...