A dismal quarter.

It was the worst quarter for the major indexes since the third quarter of 2002, when Wall Street was approaching the lowest point of a protracted bear market.

It was a difficult quarter on Wall Street, with financial companies' ongoing credit market losses and the flagging economy wiping out many investors' appetite for stocks. While the market saw a number of up days during the quarter, the overall trend was sharply lower, with reports of asset write-downs and shaky financial companies pummeling the market -- in particular, the near-collapse of Bear Stearns Cos. in mid-March.

The market is already pricing in a ton of bad economic news. Bad economic news is not going to drive the market. What's going to drive the market is headline news.

Many analysts have suggested that the market has been seeking a bottom in recent weeks. But it will take some time -- and a long period of at least stable trading -- before anyone can feel secure that Wall Street is ready to resume an upward track.

Tracking the Dow on Monday,31/03/08.

A proposal put forth by Treasury Secretary Paulson to enact a sweeping overhaul of the U.S. financial regulation system augurs the main headline for the Dow to think positively.

In economic news, the Chicago PMI—a regional manufacturing survey—rose to 48.2, from 44.5. This was better than the expected reading of 46.0. However, the reading is still below 50, which indicates deteriorating manufacturing condition in the Chicago region.

The bears were in full control during the first hour of trading but the bulls managed to lift it up higher throughout the remaining session.At the closing bell were seen three black crows again.They were trying to pierce through the main support line.

The Harami spinning candle looks like a sign of bullishness.The lower end shadow of the candlestick will be utilised before they set foot on the bull's rampage again.Unfortunately it's still in the 5 days bearish zone and will be forming the inverted head.

East meets West.

China's overheating economy since last summer has now being contained. The government has adopted a lot of fiscal, monetary and administrative measures to rein in investment growth.A sharp increase in domestic enterprises' profits used to be hailed as evidence of China's improved economic efficiency. However, as the country presses ahead to prevent overheating, a reduction in profitability should be accepted as the necessary price of cooling investment growth, but not necessarily a justification for lower efficiency.
China's major industries saw their profits increase 16.5 percent from a year earlier, during the first two months of this year. The figure marks a considerable deceleration from the 36.7 percent growth in profits in the first 11 months of last year.
Such a slowdown in profit growth is due to the impact of weakening external demand and the effects of the severe winter weather on enterprises. On one hand, the ongoing recession in the United States has reduced demand for Chinese exports, which are more expensive because of the appreciating Chinese currency.
As a result, China's net exports plunged from $19.5 billion in January to just $8.6 billion in February. The initial figure was the first monthly trade surplus under $20 billion since last May.
Rising domestic prices are also biting deep into enterprises' profits. Some industrial sectors with thin profit margins will be hit harder than others and are appealing to policymakers for help.
A narrowing profit margin can work as a natural check on excessive investment.

China's olympians are gearing up for the world's event and so is the stock market.Friday's trading day has seen the bulls coming back for the marathon race.The stock-market has finally found its bottom and the harsh winter ever experienced is about to thaw.It's going to be brighter days ahead and a beautiful summer in Shanghai Beach (The Bund)



The Shanghai Stock Exchange Composite has fallen to the level at par to its American counterparts Dow Jones Industrial .It's the East Meets West.It'll be hip-hopping within the bear county in the medium term before the final push begins.Meantime have a look at Chinese Girl with a very good voice and Don't Cry For Me, Argentina - Jane Zhang (Zhang LiangYing)
My favourite idol:-The Moon Represents My Heart - Teresa Teng

Death Wish

Tracking the anaemic Dow on Friday 18/03/08
After weeks of concentrating on credit problems and interest rates, the market was forced to pay attention to the consumers who drive economic growth.

The Commerce Department said consumer spending ticked up a paltry 0.1 percent last month, in line with Wall Street's expectations. But that news and the profit warning from J.C. Penney raised concerns about the well-being of consumers.

The morning trading session saw the previous day's four-legged frog leapt to a great height but was swallowed towards the end by the sneaky Dow.Near the closing was a Hammer like candlestick and can this mean a bullish reversal.The closing bell was a Dragonfly Doji.

The U.S. recession concerns have resurfaced. They never went away but there was the beginning of the sense that this recession was going to be shallow and maybe a bit benign.

It's going to be a dismal first quarter for wall street and many investors are likely eager to close the books on the losses and start fresh on Tuesday.It's like a Death Wish 3 --REDUX-- .The Three Black Crows will be feeding on the leftover carcasses and the pall-bearers will be performing the solemn ceremony.

It takes 6 months to form the head and shoulder patterns.Well,we'll be having another agonising 6 months to form the inverted head and shoulder before a powerful lift-off again.So the inverted right shoulder has been formed,now we're heading for the deep trough formation of head.April fools day will be on the trail especially where plenty of economic data starts to pour over next week as the market tries to determine if the country is indeed in the midst of a recession.Meantime fasten your belt for the roller-coaster ride.(Dow heading for 16,000, Richard Band says)

My favourite:To all the girls

Hey - Julio Iglesias

Julio Iglesias Paloma Blanca song Hamburg LIVE 1999.

Fed's cash lifeline.

The Fed will be lending $75 billion for 28 days due to the completion of its first Term Securities Lending Facility auction. The bid-to-cover ratio came in at 1.15--which is the amount of bids divided by what was lent out. The stop-out rate--the lowest rate the Fed accepted--was 0.33%.
The TSLF auction results were akin to a seller listing a house for $300K in a weak housing market only to see multiple bids come in at $200K. It can be said that demand for the asset is technically high, but only at a discounted price, implying the buyers don't really need to buy the asset but they will if they get it at an extremely discounted rate. The bid-to-cover ratio at 1.15 shows that there is demand, but the stop-out rate at 0.33% indicates it isn't really needed.
That was less demand for the emergency financing than many were expecting. "The results suggest that financing stresses may be less severe than feared, because this first TSLF auction did not attract massive interest," said Ward McCarthy of Stone & McCarthy Research Associates.
Economy Nearly Stalled in 4th Quarter
Gross domestic product increased at a feeble 0.6 percent annual rate in the October-to-December quarter
Several financial companies had their earnings estimates cut this morning. Oppenheimer shaved its earnings estimates on Merrill Lynch and UBS. Lehman Brothers dropped its estimates on several banks, including Citigroup ,Bank of America and Wells Fargo.
Tracking the Dow on Thursday,27/03/08.

New unemployment claims for the week ended March 22 was slightly better. Final fourth quarter GDP was left unchanged at 0.6%,.At 3:30 pm the major indices are falling back toward their pre-Fed auction levels. Financials are taking the brunt of the selling pressure.It's brutal murder again.They've cross the bear shield and is at critical point for disaster.Will the final bell candlestick depicting a four-legged jumping frog provide the booster,well it should be otherwise we'll be out of job!

Asian markets defy these rouge market-makers who trash the Dow to a level where Fed's first announced the auction proposal.They are trying to make a killing hoping other markets need to follow their acts.

Asian stocks staged a tentative recovery before the end of the quarter, and bonds fell as investors gauged that concerns about the impact of a U.S. recession and a global credit crunch on Asia were overdone.
So we know your tricks,you're going to pump it up again,nuts!

Not durably good mid-week.

Yet another economic indicator has flashed a warning that the economy could be in recession.
Orders for durable goods — big-ticket items expected to last at least three years, such as dishwashers, autos and airplanes — fell an unexpectedly sharp 1.7% in February, according to the Commerce Department.
"This confirms we're in a recession," says Maury Harris, chief U.S. economist for global financial giant UBS. "The slowdown is spreading beyond housing to manufacturing."
In economics, a durable good or a hard good is a good which does not quickly wear out, or more specifically, it yields services or utility over time rather than being completely used up when used once. Most goods are therefore durable goods to a certain degree. Perfectly durable goods never wear out. Durable goods, nondurable goods and services together constitute the consumption of an economy.
Economists watch durable-goods orders closely because they are a good barometer of the economy. When companies think the economy is slowing, they stop spending on such items to save money.
Tracking the Dow on Wednesday,26/03/08


Durable Goods and New Homes Sales are the key economic news movers in today's market.Both shows a dismal report card and were penalised to attend a graduation rally.The mid-week is normally with high volatility and chances of a pullback is always heightened.
The selling is over and the closing bell shows a bullish inverted hammer on the back of three supporting bulls.

The profit-takers and short-sellers have completed their agendas.They will be retracing back to the main pivot and possibly close back to their highs to end this first quarter with a sweeter note.Meantime it's roll-over day for most Asian index futures market and most need to short-cover their positions.The American market-makers will dress Ms Dow with the best outfit tonight so that the party can start to hip-hop.

A dwindling home values.

It's a national housing crisis,sagging housing prices are grim news for the economy and sellers. Homeowners are watching equity in their homes evaporate, which could further dampen consumer spending in the first part of 2008. And dwindling home values also make banks shy away from mortgage lending, squeezing out potential buyers.

But deep discounts are also tempting some buyers, especially in markets where home prices are being slashed to bargain-basement deals.

METRO HOME PRICES(Metro area)----January '08 vs. January '07
Atlanta:-4.80% Boston:-3.40% Charlotte:-1.80% Chicago:-6.60% Cleveland:-8.50% Dallas:-3.30% Denver:-5.10% Detroit:-15.10%

Las Vegas:-19.30% Los Angeles:-16.50% Miami:-19.30%

Minneapolis:-10.00% New York:-5.80% Phoenix:18.20% Portland:0.50% San Diego:-16.70% San Francisco:-13.20%
Seattle:-1.30% Tampa:-15.00% Washington:-10.90%
Source: Standard & Poor's

Tracking the Dow on Tuesday:15/03/08

The worst figures for US consumer confidence since the early 1970s dragged the Dow onto a bumpy ride but is being held up strongly by the bulls as seen in the many white candlesticks with noticeably dragonfly dojis.The closing bell was a double dragonfly doji's.They might be performing their dragon dance in the air.

The market is taking a temporary breather.The market-makers have closed the 2nd day of the week near the main pivot with its tail(shadow) kissing the bear pivot.It must leave the teddy bear to find a higher ground to do its samba.

Teddy Bear cheap sale.

Bear Stearns Cos-the mighty teddy bear has found its suitor who's bidding for this little antique.
JPMorgan, has originally bid on March 16 of $2 per share for the 85-year-old Wall Street investment bank.,what a song!!
Disgruntled Bear shareholders such as British billionaire Joe Lewis,who has before the March 14 closing price of Bear shares of $30.85 has accumulated a substantial stake and was very furious about the bidding price offered.It was more than 90 percent below Bear's all time peak level of over $170.
Bear, recently ranked as the fifth-largest U.S. investment bank, collapsed as large subprime mortgage losses and falling confidence in the company prompted a run on the bank.
So with all the tremendous pressures exerted on JP Morgan on the fire-sale price,it finally raised its offer to about $10 a share.Under the revised deal, each share of Bear Stearns common stock will be exchanged for 0.21753 share of JPMorgan common stock. The previous exchange offer was 0.05473 JPMorgan share for each Bear Stearns share.
JPMorgan expects to complete the purchase of the new Bear shares by April 8. A date for Bear's shareholders to vote on the deal has not been set.
Tracking the Dow on Monday,24/03/08

A tremendous post holiday booster.Bear shares surged 76 percent to close at $11.25, as some investors speculated on an even higher offer. JPMorgan shares, which have climbed more than 25 percent since the deal was announced, rose 1.3 percent to close at $46.55.
Looks like too many shooting stars along the space tunnel and towards the closing were seen two Mike Hammer going to steal the teddy bear from the antique store.

The journey towards the bull county at 12,894.35 index point is quite achievable in the near term.Meantime we'll still be held up in the bear county.

A slap on the face.

Wall street has now become a turf ground for betting instead of adhering to the fundamentals.They betted for a full percentage rates cut but got only 3/4,so the losers got hammered.Then again the bookies are capitalising on news of fear by tipping that more credit writedowns are in store for financial companies (guessing which one) despite all the goodies which the Fed's has given..As each day the valuation of companies depreciated,definitely the financial instituitions will not be able to maintain their status quo and soon has to go down under.

Anyway Thursday will again see extensive volatility because of the impact of the options expiration, a quarterly event in which stock index futures and options, and individual stock futures and options, are all expiring at the same time.IT's QUADRAPLE WITCHING DAY.

The expiration day usually occurs on a Friday but is happening Thursday because all financial markets are closed the following day for Good Friday.

The options expiration could brings in some "serious short covering." Short-covering refers to a process by which traders who have sold stock short to take advantage of a falling market have to buy it back.

Tracking the Dow on Wednesday,19.03/08

Plunging gold and oil prices drove energy and mining shares lower, and speculation that Merrill Lynch & Co may need to take more write-downs deflated growing optimism that the credit crisis was abating.

A lawsuit filed by Merrill Lynch against a bond insurer fanned speculation the big broker and investment bank may not have enough protection against losses from its exposure to securities at the heart of the credit crisis. That may lead to more write-downs.The market stinks and sink all the way down right to the closing bell.It's an unshaven black candlestick on the back of a morning star.These guys are planning to short-cover again.

Those Great Suckers have short the market again this time bringing the index right to the previous day's path where Fed has announced the rates cut.He got a big tight slap on the face.So the disappointment to those bets have finally been digested and the turf riders will start galloping again.Wednesday has been the Pivot day of the week and the high has been established so it will be a range play in the following session.

A relief rally!~

The market expected a full percentage rate slashing but the Fed delivered a three-quarter,an 8-2 vote of its policy committee, was part of an intense effort by the central bank to avert a deep recession and financial market meltdown. The move took benchmark overnight rates down to 2.25 percent, the lowest since February 2005.

It is yet another forceful move to alleviate the liquidity crunch and to shore up a rapidly weakening economy.

"Financial markets remain under considerable stress, and the tightening of credit conditions and the deepening of the housing contraction are likely to weigh on economic growth over the next few quarters," the central bank said.

Goldman Sachs, which has largely avoided the mortgage-related losses that have plagued much of Wall Street, said first-quarter earnings fell by half as it recorded steep losses on corporate loans and other assets. Yet the results at the largest U.S. investment bank exceeded expectations.They are sure to escape the rout unscathed.Why,,,Henry Paulson was their former CEO.They've known everything at their fingertips.Furthermore they are the ones firing the shorties in the stock market.They've short-covered their positions in yesterday stock rally by slotting their company's balance sheet that produced a respectable profit.A very good timing of manipulation.

Tracking the Dow on Tuesday,18/03/08

When the Fed announced the minutes on rates cut at 2:15pm ET,the market reacted with disappointment and hammered the market by a hefty 100 point drop but the results of Goldman & lehman helps to provide the comforter.So traders got warmed up again and propel the market to greater heights right to the closing bell.The final bell candlestick looks like a hammer so the folloing session might start with a pullback.

Buyers came back to Wall Street in a big way Tuesday, igniting a sharp rally and new debate about whether stocks have bottomed. It's very positive with the good encouraging news.The candlestick was too bullish with no upper or lower shadow to depict its authencity.So we have to look forward whether it's going to pullback with refernce to the Wednesday candle or close near the Bear Support line.

Rates cut goodies.

The threat facing the economy from a severe credit squeeze that began with a wave of defaults on subprime mortgages last year but has now spread to other parts of the credit markets, triggering multibillion-dollar losses by some of the country's largest financial institutions resulting in the Fed having to undertake immediate remedial actions.

Wednesday is another round of FOMC rates cutting exercise.The market is now pricing in a 100 percent chance that the Fed will lower its target for the federal-funds rate by a whole percentage point -- to 2 percent from 3 percent -- with an outside chance that it will lower rates by one-and-a-quarter percentage points, according to fed-funds futures. The Fed's decision is expected to be announced at 2:15 ET today.

The world's financial markets are waiting in anticipation.

Tracking the Dow on Monday,17/03/08

The bears growled ferociously at the onslaught of the opening bell rampaging the wall to debris.The bear's support line has been penetrated!It's a doomsday at wall street.J.P.Morgan the saviour managed to talk the bear in giving out its resistance and provide reconciliation.

As the tone died down,the bulls are back again getting ready for a fiesta.

The indices on Monday have a big swing with tumultous tug-of-war between the bulls and the bears.It's a powerful spinning bottom with the drama ended above the bullish main pivot.Tuesday's white long candlestick was not being covered completely so the power of the bears have been exhausted.The scenerio of the whole week was an aerial dogfight just like in the movie--TopGun(Music Video)

Bear Sucks.

Two hedge funds managed by Bear Stearns failed last summer of 2007, setting off a credit crisis that has swept up banks and brokerages around the globe.The bears sparked off a bloodbath at that time which coincide with the anniversary of the October 1977 crash and on Friday they're back again sending a message of doomsday for this financial oufit.

It's quite alarming to have so many financial firms reporting their worst balance sheet at this final lap of the first quarter of the year despite all the liquidity and stimulus that has earlier been activated.They are very timely to drop this bombshell close to Fed's FOMC meeting and also the quadraple witching day on the coming Friday.Are they helping the short-sellers bearing in mind they already know their financial situation before hand?There's a hidden agenda.

JPMorgan and the central bank agreed to extend loans for 28 days to Bear Stearns, the nation's fifth-largest investment bank and the one hit hardest by the subprime mortgage mess

For Bear, the crisis started when market speculation grew that it might have to seize collateral -- mostly mortgage-backed securities worth next to nothing -- from the private equity firm Carlyle Group.vestment bank and the one hit hardest by the subprime mortgage mess.

As speculation swelled in the market, investors, customers and lenders raced to withdraw their money or rescind their credit lines.

Bear Stearns has racked up $2.75 billion in write-downs since last year, and releases first-quarter results on Monday that could show more losses. The bank lost $859 million during the quarter that ended Nov. 30, a stark contrast to its $558 million profit during the same period just one year earlier -- before the credit crisis.

Tracking the Dow on Friday,14/03/08

Lately in the market when there's not much of economic news realeases,the financial firms tend to release bad news to scare the market.I believe they are the nett short-sellers both inbound and outbound as the global market has to bow to their demands as well.This is a deliberately overdone market.

At the closing bell,the pullback was right at the MAV of the bullish ascending session at 3:00pm.They should have brought it down to the Bear support line but they were lenient not intending to wipe-off the whole year Dow Index.

Look at how the market makers manipulated the index!!!It also happens to every market in the world.As an index futures trader,I've noticed these trend.

Mon:-the beginning.

Tues:-the movement.

Wed:-The mid-week(PIVOT DAY) the setting for High or Low.

Thurs:Moving within the range.

Friday:It must either open near the mid-week pivot or close near the mid-week pivot.

Friday's Dow is a typical example.Try this method and see whether it works so that you'll never get lost in the stock jungle.

Sweets & Peanuts(S & P)

Sweets & Peanuts were served on Wall Street and the stocks jungle were swinging with joy otherwise which it will be dragged by the Carlyle Capital Corp., a publicly traded fund.

The company said earlier it received margin calls totalling more than US$37mil on Wednesday and expected at least one more default notice.

Some of its residential mortgage-backed securities (RMBS) had been liquidated by lenders and that additional margin calls and increased collateral requirements “would be significant and well in excess of the margin calls it received Wednesday.

Listed on the Amsterdam exchange last July, CCC invests in products including investment grade mortgage-backed securities.
As of last month, CCC had a US$21.7bil investment portfolio of AAA-rated floating rate capped US mortgage-backed securities issued by Fannie Mae and Freddie Mac.

Carlyle Capital pledged the mortgage-backed securities as collateral for the loans. But the value of the securities plummeted as U.S. home prices fell and foreclosures surged, prompting the banks to notify Carlyle that a capital infusion was necessary to offset the sharp decline in the fund's value.

The fund said late Monday that banks had already sold $700 million of its securities, on top of $5 billion that were previously sold. Carlyle Capital is seeking to modify the terms of the fund's loans to prevent the liquidation of the remaining $16 billion of assets.
Carlyle Capital Corp. is one of 55 funds managed by the Washington-based Carlyle Group, one of the largest private equity firms in the world with $76 billion in assets.
Carlyle Capital is registered in the United Kingdom but managed by New York-based executives. It was the first Carlyle fund to go public, at $19 a share in July on the Euronext exchange in Amsterdam.

Tracking the Dow on Thursday,13/03/08

Standard & Poor's positive comments help lifts the market from its hell again.

The market rebounded and ended the day with a small dragonfly doji.The ultimate target for a safe landing will be penetrating the Bear main pivot..

The spinning dragonfly's body has engulf the previous day's shooting star and is poised for further recovery.The long shadow beneath the spin is something to be wary about as it can also cover back that position.

Fed's chairman innovation.

"Hey,Financiers! Are you guys being squeezed in this turbulent market?Well,don't you worry.You may borrow up to $200billion in super-safe Treasury securities by using some of the more risky investments as collateral.The new liquidity infusions will last 28 days and not overnight as previously.I'm taking the pressure off you financial companies and make sure you have the apetite to lend to individuals and to businesses.So no more questions about cash crunches.The loans of Treasury securities would be made available through weekly auctions, beginning on March 27.I help fix thy problem and make sure you turn the whole economy around."

Four foreign central banks, including three in Europe, joined in coordinated action with the Fed yesterday, announcing related measures

The Dow got its turbo-charge and traders on the floor have a cheerful day. This was a very oversold market, and today we're just seeing a short-covering relief rally.The advancing soldiers towards the closing bell have finally reached the peak and time for consolidation.A victory pause is needed.
The unshaven white bullish candlestick has covered the two bears and fall short of planting the victory flag.

A long white bar is very easily susceptible to backfire and risk of pullback.There might be a mild correction unless attempt to reach the Wednesday spinning doji is successful.

Market carnage over.

The weak and vunerable wall street has swung far enough to the bearish side to suggest that a bottom could be close for the major indexes. Market sentiment are still showing a high degree of fear by individual investors in the marketplace as there are too many negative news sprouting out.

The latest news suggests the U.S. economy is "tilting a bit below zero," but the downturn does not appear to be severe, Federal Reserve Bank of St. Louis President William Poole said Monday.Poole commented in a telephone interview as he winds down his decade-long career as head of the St. Louis Fed. He retires March 31.
The Dow is just inches away from the Bear main support point which is also near the 52 weeks low.A sign that the recession is about to end.When those officials start harping about the word recession,they pretty well have already known that the recession has already started since last July'07.
The closing bell on Monday ended with a four-legged doji,the navy frogmen are about to ascend from beneath the sea with their retrieval of precious sunken treasures.Uncle Ben will announce to the market what share of incentives he's going to give to investors from the treasures now in his vault

wow!!!the three black crow.They have descended down to finish eating the carcass of the subprime garbage mess.
The surrounding homes are now clean and conducive for a new beginning.
The eagles will be preying on these scavengers and will be flying higher and higher.

Economy Downturn.

Federal Reserve districts reported decelerating economic growth in early 2008, even as most reported increased prices, according to the Fed's beige book, so named for the color of its cover.
On the upside, the ISM reported its nonmanufacturing index, which measures the performance of the services sector, rose to 49.3 for February from 44.6 in January; anything below 50 points to contraction in the sector. The services sector accounts for 80 percent of the economy.
Factory orders fell 2.5 percent in January, the first decline since August, the Commerce Department reported. Private employers slashed 23,000 jobs from their payrolls in February, according to ADP. U.S. nonfarm productivity grew at a 1.9 percent annualized rate in the fourth quarter, the Labor Department said, up from the prior estimate of a 1.8 percent pace.
Still to Come:
THURSDAY: Weekly jobless claims; Retailers' Feb. sales reports; ECB and BOE rate decisions; IBM analyst meeting; Disney shareholder meetingFRIDAY: February jobs .
Look OUT!!!
Quadruple Witching DAY---third Friday of the month.
A better-than-expected reading on the services sector, an encouraging outlook from Cisco's CEO and new highs for several commodities spurred buying.
Ambac shares plunged 19 percent after the bond insurer announced plans to raise up to $1.5 billion in capital in an attempt to keep its crucial triple-A debt rating. When it was announced after 1:15pm,the main indices spiked down dragging the party into disarray again.There were too many bearish dojis in the morning session and the bears has a upper hand.The bulls tried to par its losses and ended the day just above the MAV to get some oxygen before it sinks into murky waters again.The last minute was a bull trap.
The technical rebound seems to be shortlive.Looks like the bulls are submitting their pleas and appealing for a lighter sentence in the court of law before they were to be hanged and slaughtered before the guillotine.Noticed the long noose held by the hangman on Tuesday,Mac 4th.This is the destination,a new destiny.Meantime fasten your seat-belt for the roller-coaster again.
To get entertained,read this:---British commandos stripped naked for crass stunt

Morning Star.

The crazy bears have forgiven the homeowners mortgage defaulters and were halted by a circuit breaker in the midst of trading session from pounding harder with their grizzly paws.
The ``recent surge'' in delinquencies has been ``closely linked'' to the slide of home equity.
House prices have dropped below their mortgages value.The bears must exercise some humanitarian concern.Avoid foreclosure but just writedown of principal on a mortgage so that homeowners can still have a roof under their heads.
Tuesday trading day was another crushing scenerio but after the trading halt managed to see many morning doji stars vigorously manouvered by the bulls.The follow through trading day will be a happy and soothing one.
Interesting Article:"BEARS FINAL ACT"( http://www.businessweek.com/investor/content/feb2008/pi20080225_487335.htm?campaign_id=yhoo)