Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, March 01, 2007

Ugly Trend This Morning

China's markets closed down another 3% overnight. Australia also closed down, even though miners showed strength. I have an order going out to Red-Hot Canadian Small-Caps subscribers this morning.

How big of a pullback could we see? Well, 10% corrections aren't unusual in bull markets. That would take the Dow down to about 11,500, and the TSX down to 12,000. That would be a HUGE buying opportunity.

Here is a chart for you to look at ...Brace for impact, it's going to be a wild day. But remember, the underlying fundamentals remain very strong.

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