Myopia

A lack of foresight or discernment : a narrow view of something

source: http://aolsvc.merriam-webster.aol.com/dictionary/myopia

Recession is not a bad thing.

Think of it as an opportunity to invest in great companies at a huge discount.

Even in a down market, there are stocks that move up and vice versa.

Focus your time and energy on sectors that are strong.

So far Agricultural Chemicals is still the leading sector.

http://www2.barchart.com/sectors.asp?base=industry

The numbers to watch:

DJIA:
11634-Support, the 1/22/08 low
12767-Resistance, the 02/01/08 high
12339-50-day simple moving average
13144-200-day simple moving average

S&P 500:
1256-Support, the 03/17/08 low
1396-Resistance, the 02/01/08 high
1340-50-day simple moving average
1448-200-day simple moving average

NASDAQ:
2155-Support, the 3/17/08 low
2419-Resistance, the 02/01/08 high
2303-50-day simple moving average
2551-200-day simple moving average