The major indexes stalled at resistance and the Dow declined -258 points from Wednesday's high. Editors Note:

The major indexes stalled at resistance and the earnings flood next week could end up tipping the markets into a directional move. Keith Bliss of the Cuttone Company said research since 1957 showed that last week was the strongest week of the quarter. The initial blue chip companies will have already reported and the earnings direction known. The farther we get into the quarter the weaker the companies reporting. Their research shows the markets normally "ebb" from now into June.

With market direction in doubt there is no rush to add a bunch of new positions. There could be dip in our future.

I prefer to view a decline as a potential buying opportunity rather than a losing proposition.

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