FUJIMO's Comments on SeekingAlpha.com:: The benchmark indexes rallied more than 1% with the hope that Paulson wanted to have an Possibly a ray of hope today on the lending. Jul 15 01:18 PM http://seekingalpha.com/user/180672/commentsHOME | The best hope for bulls here are a couple of signs that sellers may be running out of steam.
The NYSE advance-decline line (see first chart below) remains above its November and August lows, and the number of new lows on the NYSE plunged from 750 Wednesday to 216 yesterday and didn't expand today despite another big down day. If they can continue to dry up say, under 100 before new highs expand considerably, we could see a bottom begin to form.
The Duke Ellington Music Society:: It opens with Take the "A" Train with Ray Nance playing his classic solo. Volume 1 'Original soundtrack from Goodyear Jazz Concert Motion Picture http://www.depanorama.net/dems/02dems1a.htmHOME | 1 SRI-CAT BEAMLINES, TECHNICAL DEVELOPMENTS, AND SCIENTIFIC :: File Format: PDF/Adobe Acrobat - View as HTMLtrace element analysis in marine protists by tions, we hope to open a new experimental 1.2.1 Fresnel Propagation X-ray. Phase-Contrast Imaging http://www.aps.anl.gov/Science/Publications/techbulletins/tb47/tb47-1-1.pdfHOME | And despite the doom and gloom, note the performance of the banks (second chart) today.
Chowk: : A Ray of Hope:: tools, but even trained professionals in various technical aspects are not government hospitals where the ratio of nurses to patients is 1:20, http://www.chowk.com/articles/4398HOME | 24/7 Wall St.: Will The E.U. Save Dendreon If The U.S. Won't? (DNDN):: Insightful Analysis and Commentary for U.S. and Global Equity Investors . this might be one more ray of hope for the company, its shareholders, http://www.247wallst.com/2008/01/will-the-eu-sav.htmlHOME | We'd also note that S&P commercial futures traders added to long positions this week, but they still remain net short.
All in all, a few glimmers of hope, but they all need to develop further if the market is going to form a bottom here.
The major indexes (charts three, four and five) continue to hold their August lows, if not by much.
SudanTribune : Opinions:: Aug 9, 2008 This is a ray of hope in a long, dark night of despair: More than 2 million .. Ethiopian Soaring Inflation Rate: A Non-Technical Analysis http://www.sudantribune.com/spip.php?rubrique2&debut_comments_un=1940HOME | We continue to key on 1360-1370 on the S&P as critical support for the bulls here, while a move above 1430-1435 and 1442 would be a good start to the upside.
Paul Shread is a Chartered Market Technician (CMT) and member of the Market Technicians Association.
Big Blue Gives Stocks a Bounce
Subprime Woes Slam Stocks Again
|