The chart patterns of the S&P 500 six month performance projections remain exceptionally strong with the Dow showing signs of weakness, although satisfactory performance. For the most part, the markets projections are demonstrating resilience.

The Dow's performance projections is 69.23% probability of 6.70% growth and the S&P 500 is 92.31% probability of 7.83% growth.

Note: Click on links above for an indepth analysis.

The housing sector is a gnawing subject these days and according to historical performances, a recovery isn't going to be as quick as most would approve. The 6 month performance projections are weak, indicating no significant upside but the Dow and S&P 500 projections may just be the right medication for the malady below.

Lennar Corp. (LEN) - 54%

Toll Brothers Inc. (TOL) - 62%

DR Horton Inc. (DHI) - 54%

Centex Corp. (CTX) - 54%

Pulte Homes Inc. (PHM) - 62%

KB Home (KBH) - 54%

The Dow and S&P 500 6 month projections are strong, at 92%, their robustness may also get rid of those bags under your eyes.

I will follow-up with charts later today.

The full version of datawink software will be available soon. In the meantime, enjoy the free 5 years search.

From monitoring the market's vital signs as of this morning, the performance projections have suddenly and quietly changed for the worst. The one month chart projections for the Dow (38%) and S&P 500 (46%) are weak to say the least; thats not the end of it, the two month charts are a close second (22% ,53%).

It's as if the market's public beating hasn't quite mended, only to be followed by a couple of brazen chums named mugs and jugs in the midst of the night ransacking the market's jewels and giving it a bloody nose to remember them by.

The one-two punch may lead to sub-par performance relatively to its robust record since November of last year. By the assessment of the damage, it seems the market will be in better health after couple of months. Just a reminder, the year end projections for the Dow and S&P 500 are still bullish.

Update: It's obvious now the market has a bloody nose, in case you are not aware, this was written 2:30 in the morning before the market opened.

Earnings reports may cast the following sentiment below.

Performance simulations from 3/9/2007 to 4/9/2007 are projecting a rewarding month for Bear Stearns (69%) and Lehman Brothers (69%). Unfortunately, Ann Taylor (53%), Goldman Sachs (30%), and Nortel(38%) are on the opposite side of the spectrum, without any strong acension.

According to historical chart performances, the Dow and S&P 500 will trend positive although choppy for the month.The 30 year historical performances are strong -- 100% (13/13) of the S&P 500 historical chart patterns are ascending based on similar chart events to today, likewise 86% (10/13) for the Dow.

Dow - Performance Simulations For 3/05/07 To 4//05/07

S&P 500- Performance Simulations For 3/05/07 To 4/05/07

One month forecast for S&P 500 from 3/1/2007 to 4/1/2007 -- 86% uptrend,  probability based on historical chart patterns.

Update: To put this in context, this was written around the 200 point drop today.