2007-3-20 2007-3-20 We continue to believe that any additional downside in the stock market will only be a correction within the larger uptrend and not a new downtrend. The market did stop its fall the last two days, but as the indices are sitting on rather weak support levels currently we believe it is possible for them to fall further before the uptrend resumes.The first chart is of the NASDAQ Composite. We are using this chart to show where we believe the index is likely to fall if the downtrend continues. Generally speaking, we feel that the indices will likely end their decline on their 200 day moving averages or at the major support levels slightly below them. In the case of the NASDAQ Composite, the 200 day is currently sitting right between strong support. We believe the index will fall to this area if the downtrend resumes. 117598 text/html http://www.nasdaqwizard.com/midweek030707.html 1.0 EN index,follow We continue to believe that any additional downside in the stock market will only be a correction within the larger uptrend and not a new downtrend. The market did stop its fall the last two days, but as the indices are sitting on rather weak support levels currently we believe it is possible for them to fall further before the uptrend resumes. text