Thursday, August 21, 2008

Volkswagen

After the establishment of Shanghai Volkswagen in China in 1984, Volkswagen Group China triggered the reform of China's automotive industry.
Volkswagen's Green Future Environmental Education Initiative, started in April 2007 in China, is a three-year program on environmental education launched by Volkswagen Group China. The program is expected to encourage students to get involved in learning and discussing environmental issues and raise their awareness and enthusiasm to take part in environmental-protection actions.
An event named "Volkswagen Green Future Olympic Host City" marked the successful start of the second year of implementation for this three-year campaign. From March to May, the Olympic City Tour brought the latest knowledge of environmental protection and the Olympics to the children in the host cities of the Games: Beijing, Tianjin, Qinhuangdao, Shenyang, Shanghai, Qingdao and Hong Kong.
Volkswagen's efforts in environmental protection have been widely recognized by environmental organizations, experts and the public.
Tracking The Dow on Wednesday,20/08/08





9:30am:--Gap up 40.0 points.
The dollar rose towards the previous day's seven-month high against a basket of six major currencies, helped by expectations that growth outside the United States is deteriorating fast.
Gap being filled and early low found.
10:30am:--Bearish Dojis.
Expectations that an imminent government bailout of Fannie and Freddie would wipe out shareholders drove the stocks to almost two-decade lows.
11:30am:--Bearish Engulfing at high.
Oil gained for a second straight day, settling up 45 cents at $114.98 as concerns swirled about Russia's possible reaction to a U.S.-Poland missile shield. Also, Goldman Sachs reiterated its year-end forecast of $149 a barrel for U.S. crude.
12:30pm:--Bears at MAV.
Shares of Fannie Mae, the biggest U.S. provider of housing finance, plunged 26.8 percent to $4.40, while Freddie shares fell 22.1 percent to $3.25.
1:30pm:--Hangman at MAV.
A 14 percent jump in quarterly profit for computer maker Hewlett-Packard (NYSE:HPQ - News) also helped boost the S&P 500 and raised hopes that overseas demand would continue to support technology spending. HP shares rose more than 5 percent.
2:30pm--Bullish Harami below MAV
It's a buy.
3:30pm:--Dragonfly Doji.
The retracement.
4:00pm:--It's the graveyard doji.
Close position-sell.

The double top formed has dragged the indicies for the week.
It's spinning at the bear pivot and risks bringing it down further.
Bad news:-
Lehman Brothers is under particular scrutiny as well, after the Financial Times reported late Wednesday the investment bank tried to sell up to half of its shares to South Korean or Chinese investors earlier this month, but failed.