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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (161254)	10/30/2008 2:53:35 PM
From: Wowzer	Respond to of 306849

Technical analysis is a very important tool when looking at the past for future relationships. You need to study up. In the next few days it will be quite obvious what the technicals are telling you today. Remind me in 3 or 4 days to let you know what they are.

To: microhoogle! who wrote (161254)	10/30/2008 9:36:12 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

>>> just tell me what your TA analysis tells about my FXP purchase around 96 <<< My TA says you would have been better off buying it at 86. <VBG> FWIW, here is an article on the China market More Volatility Expected For China Stocks 37 minutes ago (RTTNews) - The China stock market has finished higher now in two of the last three sessions, regaining support at 1,700 points in the process. Analysts say that the Shanghai Composite Index could move higher still on Friday thanks to positive global cues - but the market is just as likely to give back support at 1,700 points on profit taking. The global forecast is modestly positive for the Asian markets as they continue to recover from the brutal sell-offs that dropped many of the bourses to multi-year lows. The bargain hunters have fueled the rebound, although some of the markets have moved high enough for the profit takers to take notice. The U.S. markets continued their rebound, but the Asian bourses may experience a mild correction. The SCI finished sharply higher on Thursday, boosted by an interest rate cut from the Chinese central bank. Financials were the chief beneficiary, rebounding from being oversold in recent weeks, while the property stocks also saw significant gains. For the day, the index gathered 43.80 points or 2.55 percent to close at 1,763.60 after trading between 1,710.726 and 1,788.204 on turnover of 35.3 billion yuan. There were 656 gainers and 249 decliners. Among the gainers, Ping An Insurance soared by the 10 percent daily limit, while Industrial and Commercial Bank of China was up 1.40 percent, China Vanke Co advanced 1.02 percent and an Iron and Steel Co gained 2.83 percent. Wall Street offers a broadly positive lead as stocks remained mostly positive over the course of the trading day on Thursday after seeing considerable volatility in the previous session. The major averages all ended the session firmly in positive territory, although well off the highs set in early trading. Stocks saw initial strength as investors reacted to a great deal of corporate news, combined with Wednesday's rate cut by the Federal Reserve and a better-than-expected GDP number. However, continued concerns surrounding the state of the global economy muted some of the buying interest. Before the start of trading, the Commerce Department released its quarterly report on economic activity, showing a smaller than expected decline in GDP for the third quarter. While analysts were expecting a decline of 0.5 percent, the report showed a decline of only 0.3 percent. While the pace of contraction was slower than expected, it still marked the weakest reading on GDP since the third quarter of 2001, when GDP fell by 1.4 percent. The decrease in GDP in the third quarter primarily reflected weak consumer spending, which fell by 3.1 percent following a 1.2 percent increase in the second quarter. The drop in consumer spending marked the biggest decline in twenty-eight years. In the statement announcing its decision to lower interest rates by half a percentage point on Wednesday, the Federal Reserve noted that a decline in consumer spending has contributed to a marked slowdown in the pace of economic activity. The Fed also warned that a further drop in spending could be seen as the turmoil in credit markets makes it difficult for consumers to borrow money. On the earnings front, big name companies Motorola (MOT), Exxon Mobil (XOM), and Kodak (EK) all released quarterly results before the opening bell on Thursday. While the major averages gave back some ground in late day trading, they moved back to the upside going into the close. The Dow closed up 189.73 points or 2.1 percent at 9,180.69, the Nasdaq closed up 41.31 points or 2.5 percent at 1,698.52 and the S&P 500 closed up 24.00 points or 2.6 percent at 954.09. In economic news, the Chinese central bank lowered its benchmark deposit and lending rates by 27 basis points for the third time in six weeks in a bid to stir up growth. The People's Bank of China said on Wednesday that the benchmark one-year interest rate on RMB deposits and loans was lowered to 3.60 percent from 3.87 percent. At the same time, the one-year lending rate was slashed to 6.66 percent from 6.93 percent. The central bank did not mention the rationale behind the latest rate cut. On October 8, the central bank had lowered its one-year lending rate by 0.27 percentage points to 6.93 percent from 7.2 percent. The central bank had also reduced the reserve requirement ratio by 0.5 percentage points. In September, the central bank had lowered the one-year lending rate by 0.27 percentage points and the reserve ratio by one percentage point.