The EMF tentative forecast for the trading week ending March 20th is now posted.

We expect the market to decline into the Thursday PM / Friday open area and then climb from there.

The last couple days we have seen some stronger than expected upside which was possibly due to the optimism surrounding changes in bank accounting procedures. It is not expected that such optimism should be lasting, since there is nothing substantive about it. Our Overall market Rating remains bearish and we are at multiday highs.

Key levels to the downside are the 700 and 710 areas. To the upside 770 and 792 are key.

We will have more for you on Sunday.

Wishing you the very best,

Rob Vadim & Staff