Nokia third quarter clearly beats consensus forecasts--jumps 4.3 pct to 439 markka. Investors feel the results are good, heavy trade seen in Finnish markets..reuters
Will GTW and NOK.A earnings turn the composite higher, I think IBM MSFT NOK.A TXN even GTW have set a good backdrop of earnings in our sectors, we will see some moves in this sector after consolidation around these levels... 1680 will need to be protected as good earnings should take composite higher, I will watch very carefully RUT and Composite not interested in DOW right now we may see a reverse phenomenon as I have been highlighting since late, a falling or lagging DOW and a running small caps, it never happens like this but like RUT signalled the break of 1200 and 9400 highs we may see RUT and composite making a full 10% before DOW breaks the 8650 area, but do I care I don't think the bread and butter right now is somewhere else let people keep looking for treasures in DOW, like earlier on market support was found in bonds break so would be move in these treacherous markets, if the script would remain the same may be we would see investment a straight forward business, but market has its own dynamics and one needs to improve its radar sensing underline currents look at SOX, look at composite look at BKX look at transportation and RUT if these are moving a lagging DOW will not matter, and moreover we will see some pleasant surprises as languishing accounts small caps see some sign of life. Just a thought fwiw.. keep thinking as we move forwards, we just cannot keep loooking at ASEA to break for predictions of DOW direction the game rules are changing look at ASEA U-Turn in trade, llok at Japan attacking inherent so far unaddressed problems of long term embedded loans, and don't forget that leverage that moved market has been so badly mauled by the horns of the bull that we may not see the kind of voltality which use to bring early morning chirping on some of SI threads, markets within norm should be interpreted as such, their is nothing one way about markets and effort to look hero by issuing a sell since last few days have not worked four days, the test and trial method of calling tops or bottoms can be seen clearly as we make new high on 1080 SPZ I can imagine only a novice can overlook this new high, only a novice can overlook 365 on RUT and only a novice can overlook 1680 break on composite, watch out for the sanctity of these levels, look for earning surprises and let the market do what it does best, surprises the majority, right now to be honest every one is a bull and that worries me, however sometime mass hysteria takes on new highs before we take water in, just be a step ahead of the crowd, see if they insitigate why questions and answer them for you. CNBC, Favors and everyone else can take these market 200 point lower for a day but it is the corporate earnings which finally dictate the course. Chart induced deflation was as short lived as the bond premium which just evaporated, has something change only one that is John Merriwether lost his business and his positions like may other funds. Charts can be deceptive hence look for facts before investing.. |
