Last waltz at Wall street.

Templeton Asset Management Ltd.'s Mark Mobius said the credit-market crisis that's caused $245 billion of losses at banks and brokerages is "near the end," according to a Bloomberg report. Mobius joins the chief executives of JPMorgan, Lehman Brothers Holdings., Morgan Stanley and Goldman Sachs Group in predicting that the worst of the credit crisis has passed.
The fund manager, who oversees $47 billion in emerging market equities, said he has been buying shares of banks including Bank of China and Industrial & Commercial Bank of China. Malaysian equities are also becoming “more and more attractive”, he said in a Bloomberg Television interview on Thursday.
“Most of the bad news is already in the market,” Mobius, 71, said. “The writedowns are coming in fast and furious.” Energy stocks are his biggest investment because of rising oil prices, he said. He also added shares of Sweden’s Oriflame Cosmetics SA to his holdings recently. His $376 million Templeton Emerging Markets Fund gained 15% in the 12 months through Wednesday, compared with a 19% advance by the MSCI Emerging Markets Index.
Great investing tips from Mark Mobius

Tracking the Dow on Thursday,17/04/08

9:30am--
Jobless claims for the week ending April 12 totaled 372,000(forecast:375,000)Less filings so inflation concern.Opening gap-down low.Black day.
10:30am--Retraced in its old fashion to find its High.(vice-cversa)
11:30am--Pullback to restart a launching pad for the 2nd half session.
12:30am--the latest Philadelphia Fed Survey came in at -24.9, which is below the reading of -15.0 economists came to expect. The survey is a regional manufacturing index.Spotted the inverted hammer,take a long position.
1:30pm--Take profit,the bearish harami and wait for chances below the MAV.
2:00pm--The usual time for any economic announcement.: After hovering near the unchanged mark, the Dow and S&P 500 fall back into the red as a Fed official gives some cautious comments. Losses are slight.
Dallas Fed President Fisher said interest rate cuts may "compound the bad" and warned against "inflating our way" out of the credit turmoil. Fisher notes he has a strong reluctance to continue to ease rates. These comments are not too surprising, considering Fisher along with Philadelphia Fed President Plosser dissented against the March 18 rate cut of 75 basis points, preferring less aggressive easing.Open a long position.
2:30pm--Take profit.Saw the' evening star.'
3:00pm--The 3 black-crows complete near MAV, time for a rebound.
3:30pm-- The 3 white musketeers completed the grilled crows.Close all positions and come back next day.
4:00pm--The closing bell.The bears are going to hammer again.

That's a spinning top again.Don't tell me that they are going to blow-off the light of a nice candlestick!!!