Prediction on 4/28/2011: (On 4/28/2011 Thursday DJIA closed at 12,763.31)

Prediction on 4/28/2011:  (On 4/28/2011 Thursday DJIA closed at 12,763.31)

It looks like there are going to be at least two major corrections in the equities markets in 2011. They could come at any time, but it is likely that we will have one very soon. Our prediction was that the DJIA would fluctuate between 12 and 13,000 during 2011 and close at 12,700.

I think we are looking at a major correction (a drop below 12,000 to about 11,900 with the next thirty days, then a recovery to around 12,500, then another correction around September).  What we are not going to see is for the DJIA to continue on up past 13,000.