Week 1-15-07

Market trend:

1. Think market will go down 2-4% this week due to poor earnings, and after a big runup the last 6 months.
2. If there is a correction, the market is near that, maybe in another 2-3 weeks, at most, we should see a 5% -10% correction in Nasdaq and S&P500.
3. Gold should move up about 2-5% this week.