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?
