Prosperity Number 8.

08.08.08 may be more universally known as the start date for the Beijing Olympics, but in Stockholm a different celebration is taking place.

08 refers to the Swedish capital's telephone area code and the city kicked off its "Go08 Festival" with a giant water fight.The 08 symbol has been used to describe Stockholm ever since it was chosen as the city's telephone area code in the 1960s. In Sweden the capital's residents are sometimes referred to as "08-ers" ("noll-aattors" in Swedish).
75,000 people are expected to attend the city's festival, that will include concerts, dance shows, a karaoke competition and a fireworks display.
Between 7,000 and 10,000 people, armed with waterpistols, took part in a water fight Friday afternoon between a team from the north of the city and the south.
A group of teenagers first proposed the idea of a water fight on Facebook, the online social networking site.

Tracking the Dow on Friday,08/08/08

9:30am--Small 10.0 points gap-down.

Second quarter nonfarm productivity increased 2.2%, though economists were looking for 2.5% after the first quarter's 2.6% increase.

10:30am--Ascending soldiers.

Candlestick pattern now is long bullish bar.It's abuy.

11:30am--Weak bears.

Second quarter labor cost data also bode well for lowering inflation expectations. Announced ahead of the opening bell, labor unit costs were up 1.3% for the second quarter. The increase reflects a decelerating rate of increase from the first quarter's 2.5% increase and the preceding fourth quarter's 4.5% increase.A shaven top candlestick.Hangon to position.

12:30pm--Toppish spin.

Oil futures were down as much as 3.6% to trade below $116 per barrel. Helping drive the decline in oil prices is a stronger dollar.
European Central Bank head, Jean-Claude Trichet, recently cautioned the economy would weaken in the Eurozone. Tighter credit paired with higher fuel and material costs are dimming growth prospects overseas and making it less likely the ECB will hike rates in the near future. That notion is spurring interest in the dollar as the euro loses luster. The euro is down 1.8% against the dollar.

1:30pm--Bulls spike.

The sizable slide in oil prices can be credited for the session's upbeat tone. Oil is currently down more than 3% this session, trading near $116 per barrel.

2:30pm--Bulls command.

A shaven top candle extending to another high.

3:30pm--Bulls rally.

Heading into the final stretch the major indices continue sporting attractive gains.

4:00pm--A harami at close.

Gear up for futher bull action.

Thursday bears did not fully engulf Tuesday's bull.The bears have lost the battle.The week ended with a bullish harami-a pregnant mom expecting a new born baby,a star is born on this auspiciuos No 8,chinese is "Pa" cantonese is "Fatt"

Helping trim oil prices was strength in the U.S. dollar. The greenback found favor after cautions that the European economy would weaken, most likely an adverse effect of tighter credit and higher input costs. The dollar index advanced 1.8%.
Fixed income investors bid up the price of bonds as a stronger dollar, lower oil prices, and encouraging unit labor cost data helped ease inflationary expectations. According to government data, unit labor costs were up just 1.3% during the second quarter, which is down from the pace in the previous two quarters.