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To: Jack Hartmann who wrote (5979)	10/13/2008 4:37:08 PM
From: The Ox	Read Replies (1) \| Respond to of 6924

Amazing day. The Treasury has been flooding the market with Bonds lately. With the bond market closed today, there wasn't the normal competition for capital and it looks like it all went into stocks (plenty of short covering as well). I doubt today's action was in anyone script but, at first glance, with the bond market closed it may be one reason why the upside was spectacular today. Just writing and thinking at the same time....

To: Jack Hartmann who wrote (5979)	10/13/2008 6:07:05 PM
From: Jack Hartmann	Respond to of 6924

About that Nasdaq volume. It should be. 2,586,043,138 (97%) up volume 85,862,004 (3%) If the NYSE does a 90% day, that is one the key bullish signs. People are having their fingers crossed. It is easy for us since we are 100% long from 20% long less than a month ago. The fear of missing the rally is contradicting the fear for another big down day. We had three 5% down days in a month. We easily could have more up days in the next 10 days.

To: Jack Hartmann who wrote (5979)	10/14/2008 4:45:34 PM
From: Jack Hartmann	Respond to of 6924

The market did stage a last hour comeback. The VIX is still bullish and the market buyers are watching that. All wanted a slow steady gain over several days to form a bottom vs. a V bottom. Put/Call ratio 0.87 Under 0.40 is Very Bullish sentiment, 0.40-59 Bullish, 0.60-0.79, Neutral, 0.800-0.99 Bearish, Over 1.00 Very Bearish. When many are bullish, this may be time to take profit. VIX 55.13 When it runs below 20, usually a good time to take some profits. If above 35, good time to buy. Sector Watch $NDX Nasdaq 100 1,364.59 -64.95 -4.54% INTC was reporting tonight and was down 6.9%. People were expecting simialr slowdowns from the IBM news last week. Breakout of the day $BKX Banks 62.34 +6.76 +12.16% BAC 26.53, +3.74, +16.4% up 12.1% and C 18.62, +2.87, +18.2% Citigroup and Bank of America helped the Dow on news the two companies will be among nine major financial institutions to get a capital investment from the U.S. government Crude $79.25 Nat Gas $6.75 Gold $839 Silver $10.95 DJIA 9310.99 down -0.82% -76.62 S&P 998.01 down -0.53% -5.34 NASDAQ 1779.01 down -3.54% -65.24 GS is now up 50% since we bought Friday. I have to sleep on it when to take profits. FCX dropped 10% and the presumed gold rally is fizzling out. WFC rode the tide with other banks and was up 9% 11 steps up, 3 steps back. Progress.

To: Jack Hartmann who wrote (5979)	10/16/2008 4:33:49 PM
From: Jack Hartmann	Read Replies (2) \| Respond to of 6924

Best days in Nasdaq history percentage wise. 01/03/01 up 14.17% Greenspan drops rates unexpectedly 50 basis points for fed funds rate 10/13/08 11.81% MS get Japanese 9B infusion. Market rebounds after worst week ever. Banks globally get cash liquidity. Crash bounce. 12/05/00 10.48% Greenspan, crude dropping below $30 and positive election outcome 04/05/01 8.92% DELL affirms guidance and Alcoa has a good quarter. Yahoo got Lehman upgrade. 04/18/01 8.12% Greenspan cuts rates, INTC says demand may have bottomed and TXN says largest wireless customer inventory done and they would be ordering. 05/30/00 7.94% LU buy out offer for Chomatis. Analysts pump semis and opticals. 10/13/00 7.87% Friday the 13th and a Full Moon too. 5/8/02 - 7.78% CSCO beats by 2 cents, QLGC has a strong quarter with further upside. 12/22/00 7.56 Santa Claus visited the Nasdaq 10/21/87 - 7.34% Crash of 1987 bounce toward new highs 4/18/00 - 7.19% Investors buy quality tech issues that had been dragged down by the indiscriminate selling that took place in the past couple of weeks 4/25/00 - 6.57% JDSU amd EMC had great earnings. 4/17/00 - 6.56% Lattice Semi, Texas Instrument, and Vitesse beat estimates. 4/10/01 –– 6.09% CSFB upgrades European telcos to Neutral from underweight, Marconi says it will make numbers. 09/08/98 - 6.02% Greenspan hints he might cut rates. 12/08/00 –– 5.99% INTC up 5.22%. CIBC World Markets upgrades to BUY from HOLD, despite lowering FY01 view by 17.6% to $1.40. Believes worst in stock is over. 10/03/01 - 5.93% CSCO reaffirms guidance, Bush announces financial stimulus package for business, NAPM non-manufacturing index for September came in at 50.2 percent, up from the previous month's 45.5 percent and much higher than the expected 43.3 percent. 10/20/87 - 5.92% Crash bounce. 11/14/00 5.78% GLW announces an alliance with CSCO in optical infrastructure. 10/31/00 5.58% Halloween 10/16/08 5.49 unemployment and inflation steady. finance.yahoo.com NYSE Volume 3,745,999,968 Up Volume 817,012,658 (22%) that seems reversed Down Volume 2,923,088,543 (78%) Advancers 614 (17%) Decliners 2,901 (82%) New Highs 41 New Lows 537 Nasdaq Volume 3,308,712,6891 Up Volume 2,873,157,876 (87%) Down Volume 427,810,317 (13%) Advancers 1,962 (65%) Decliners 958 (32%) New Highs 2 New Lows 413 Put/Call ratio 1.16 Under 0.40 is Very Bullish sentiment, 0.40-59 Bullish, 0.60-0.79, Neutral, 0.800-0.99 Bearish, Over 1.00 Very Bearish. When many are bullish, this may be time to take profit. VIX 67.61. When it runs below 20, usually a good time to take some profits. If above 35, good time to buy. Sector Watch Breakout of the day $XAL Airlines 21.64 +3.76 +21.03% Lower oil is good. LUV lost money, but due to hedging oil. Collapse of the day $XAU Gold 88.32 -6.84 -7.19% People wanted stocks more than gold. Crude $72.31 Nat Gas $6.79 Gold $807 Silver $9.71 A whiplash today. Down 300 then close up 400. Google profit exceeds expectations. Search giant's net income rises to $1.35 billion. This is going to blow right through the 380 strike and maybe the 390 strike. Capital One makes a profit not a loss. DJIA 8979.26 up 4.68% 401.35 S&P 946.43 up 4.25% 38.59 NASDAQ 1717.71 5.49% 89.38