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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (12636)	10/8/2008 10:22:16 AM
From: LTK007	Read Replies (1) \| Respond to of 71456

SOMETHINGISWRONG: We KNOW a NORMAL reaction to a CBs joining together and slashing 50 basis points pre-open should have led to a MASSIVE ROCKET TO THE MOON OPEN given ultra ultra ultraextreme oversold conditions. BUT we opened sharply DOWN, and PPT very very likely immediately jumped in and is trying HARD to get buyers to join them.( remember this is their JOB, this is why they exist) The gap down on that news would have triggered a Niagra Falls day if PPT(with banks using Fed Money to buy stocks) had not went into action. 55 minutes have past and DOW now just -18, even after they had jammed hard to about +200. The 3month Libor Rate NOW 4.55!!!!!!!!!!!!!! European stocks remain DOWN over 3%. i attach what i posted yesterday.<?u> <<The head analyst for Raymond James early today, on BTV, said , i paraphrase ' Even though Raymond James propietary indicators are at extreme oversold levels not seen in DECADES we sense SOMETHING IS WRONG,SOMETHING IS NOT RIGHT, so we remain highly in cash and remain in survival mode' Max>>

To: Secret_Agent_Man who wrote (12636)	10/8/2008 11:24:20 AM
From: LTK007	4 Recommendations Read Replies (1) \| Respond to of 71456

SPX 500 breaks Monthly trend line--O MY!

To: Secret_Agent_Man who wrote (12636)	10/8/2008 1:10:27 PM
From: LTK007	1 Recommendation Respond to of 71456

U.S. Stocks `Halfway Through' Downturn, ISI's De Graaf Says posted on net One Hour ago, on Bloomberg site. By Elizabeth Stanton Oct. 8 (Bloomberg) -- U.S. stocks are only ``halfway through'' a decline that sent the Standard & Poor's Index down 36 percent in the past year, said Jeffrey de Graaf, a top-ranked market analyst. ``The big concern is that we're going into recession,'' said de Graaf, a senior managing director at ISI Group Inc. in New York. ``The first part is the unwind of the previous boom, the second is the recession that follows. We're in the camp that we're only halfway through this.'' While many of the conditions that have accompanied market lows over the past four years are present, there is no sign of a rally, a situation de Graaf likened to a full tank of gasoline with no spark to ignite it. ``What you need at this point is something from the market to signify that it wants to go up, and it's not doing that,'' he said. ``There's a lot of potential fuel in that tank, we just don't have any momentum,'' in the form of most stocks rising. Past indicators of market lows that are present now include a growing number of stocks at 52-week lows, a declining number trading above 200-day moving averages, elevated trading volume, falling stocks outnumbering rising ones, and negative investor sentiment. Many of the same conditions were present two weeks ago, when the S&P 500 was about 20 percent higher, de Graaf said. De Graaf, 40, is chief technical analyst at ISI Group, the New York-based research firm, and has been the top-ranked technical analyst in Institutional Investor's poll the past four years. Technical analysts make predictions based on price and trading patterns. Stocks Drop U.S. stocks dropped for the sixth day today after a coordinated cut in interest rates by six central banks including the U.S. Federal Reserve failed to restore investor confidence. Market lending rates have surged, reflecting a shortage of capital after a real-estate downturn produced bank credit losses approaching $600 billion globally. The S&P 500 slipped 0.5 percent to 991.19 at 10:59 a.m. in New York, paring its drop from a record on Oct. 9, 2007, to 36 percent. As of yesterday, the main benchmark for U.S. stocks was down 32 percent this year, on pace for its biggest annual drop since 1937. De Graaf wouldn't specify the level to which he expects the index to fall. ``Classic bear markets are 40 to 50 percent declines,'' he said. ``Generational leverage unwinds are much deeper.'' To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net Last Updated: October 8, 2008 11:13 EDT