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To: jaker who wrote (8507)9/9/2008 2:59:30 PM
From: Galirayo  Read Replies (1) | Respond to of 41420
 
Crude Cracks .. It's off 3.50+ @ 102.50 now .. and so do Airlines ..

Does not Bode Well .. for the QQQQ's.

It's a Bear ...

stockcharts.com

stockcharts.com

stockcharts.com

stockcharts.com



To: jaker who wrote (8507)9/9/2008 3:14:02 PM
From: jaker  Read Replies (1) | Respond to of 41420
 
OT on Fannie & Fredie... did you notice that handshake of Paulson and the Chinese dude... in the video I put up "Take A Load off Fannie"?

What was that about? The Chinese are taking a hella of hit also on the repackaged toxic waste bonds... They said, we no likey and if it does not stop... We will re set our currency and crash Uncle Buck... the cost of a loaf of bread in the US would probably sky rocket to several wheel barrow loads of dollars a loaf.

Paulson probably had little choice... than to try and put another band aide on the problem.

We never get a straight answer from the press. But I guess only spoon fed news is presented...



To: jaker who wrote (8507)9/9/2008 3:36:52 PM
From: skinowski  Respond to of 41420
 
It's the first time ion weeks that I spend the whole day home... hardly ever have a chance. All I can see is that the trend is down, especially in Q's lately... they hardly participated in Monday's festivities. If I'd day trade, I'd try to sell bounces. If the trend is strong - and it does seem strong since mid-August - supports may only be good for a countertrend bounce, if that much. The best bet remains to trust he trend - until it can't be trusted anymore.