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.