Helicopter Ben in rescue mission.

Improving prospects for another interest rate cut and signs that financial companies were finding solutions to their credit problems sent buyers piling back into stocks

The Bush administration is working with the financial industry on a plan to extend low introductory rates on some mortgages, heading off more defaults. Meanwhile, Federal Reserve Chairman Ben Bernanke hinted that another cut in the key interest federal funds rate is in the offing to keep the economy.

Uncle Ben will be despatching his arsenal of apache helicopters to assist his grounded financial corporate friends from further being holed up and hit badly by sniper bullets.

The financial jungle is no more virgin in nature and has to be rectified immediately before it got strip further.

So it seems that during good times,financial market embrace capitalism while when things are bad..henceforth financial markets re-discover socialism.

The banks continue to privatize gains and socialize losses. Socialism for Wall Street will prevail, once again.

Borrowing bought more borrowing, fueling price increases in financial assets: debt, equity, property, infrastructure.

The U.S. central bank's strategy is clear. The current credit problems require a substantial reduction in the level of borrowings and leverage in the global financial system.

Lower short-term interest rates allow banks to borrow cheaply. The money can be used to purchase government bonds that provide higher returns than the cost of borrowing.

The profits help re-capitalize the bank.An added benefit is that the U.S. government can fund its deficit by selling its debt to the banks. This would be handy if foreign demand for U.S. Treasuries decreases in response to the weaker dollar. The Bank of Japan used the same strategy to re-capitalize the loss, making Japanese banks after the collapse of the "bubble economy" in 1989.

Tracking the Dow on Friday 30/11/07.
An early high with an unshaven new candlestick which is a norm to wipe-off the whole candle before it retrace through short-covering near the MAV.

At the close,was two ascending soldiers looking forward to advance further to catch Uncle Ben's copter for a free ride.

The two bullish spinning top might soon complete a tri-star before the lift-off.Looks promising in days ahead.The booster has been released and soon will be navigating in the upper stratosphere.

Santa Claus will be waiting with his goodies.The traders will be guessing whether it's bigger rate goodies or whichever.

Tracking the Mexican Stock Exchange on Friday.
Stocks rose for the fourth straight session. The peso firmed against the dollar after Federal Reserve Chairman Ben Bernanke bolstered market hopes for another U.S. interest rate cut.The day's candlstick was a bearish spinning doji which shows that heavy profit-taking might occur.At the closing bell was a four-legged doji so the follow through session might open higher at the upper shadow before the market makers bring it down to the lower shadow again.Going to be very volatile.

Tracking Shanghai Composite.

The downtrend or correction looks still incomplete.It could be heading towards the Main Pivot to fully complete its dressing.Meantime the next level to target is Pivot A.

The bears are in command nearly the whole of November.Projected completion by year end before the run-up for the chinese lunar year.