Friday's Bull Stunt.

There was no major economic reports nor corporate earnings reports on Friday but this time around the killer instituitions cooked up fears again.They might be planning to complete the Dow's charting technicals of the inverted Head and Shoulders pattern.So the Dow's undercurrent beneath the surface still have three distinct waves to form. The unpalatable combination of a looming US recession and burgeoning inflationary pressures and the credit crisis are the three strong under-currents waves swallowing the mighty ships in the ocean.
A plan to bail out the struggling bond insurer saved the Dow from being whipped-lashed throughout the trading day on Friday.A last 45-minute before the closing bell did the last minute penalty score for the wall-street bulls.
The market was led upward by financial stocks AMBAC Financial Group Inc Quote Chart News Profile Add to Watchlist[ABK 10.71 1.48 (+16.03%) ]
Report that progress is being made on a recapitalization plan that could save troubled bond insurer Ambac Financial's triple-A rating. The insurer essentially needs a credit rating of "AAA" to book new business.It will probably need to raise about $3.5 billion to maintain its "AAA" rating from Moody's Investors Service and Standard & Poor's. Fitch Ratings has already downgraded the company.
Next week Economic News: -from Action Economics.
Earnings:- Home Depot and Target on Tues- Toll Brothers on Wed- Sprint,AIG, Dell on Thurs- Berkshire Hathaway on Fri
Tracking the Dow on Friday,22/02/08.
AMBAC-The stuntman of wall-street bulls scored the hattrick in the last 45-minute before the bell.
But the ball got stuck on the net-A DOJI-an indecision result play at the closing.
Is the referee calling off this foul play again?


A week of extreme volatility,big swing and hip-hopping.One moment in tears and another providing comfort all this under disguise.The market makers create confusion,a bull-trap and then a bear-trap.
Again Friday's candlestick has a long bearish shadow beneath its body.It's a venomous tail of a killer bee waiting to sting again at an opportune time.