OK- Bingo

Said it twice this morning they want us higher. We are currently at highs of the days and looks like the Nasdaq is taking charge to the upside.
Watch 842.75 on the S&P on the upside

Be careful

Be careful here if you are short- they are trying to defend that 8000 area on the DOW before lunch

TRADE CALL UPDATE: FAZ

Selling another 1/2 here + almost 50%

Areas to watch

Levels to watch this morning on the downside. Dow-7845 and S&P-796.25.

VERY IMPORTANT LEVELS EARLIER ON

GE- Prediction

Making a prediction here about GE, the big whale in the market. I think GE sees $9 this year. I think they are slowly crumbling under its own weight as the global slowdown grabs at everything in site.



MARKETJEDI

Friday

This weekend I will be writing my usual weekend thoughts but for today, Ge and Microsoft have the futures down before the open. 7000 area here we come and for those in denial the Novemeber lows might be here soon than you think.
Be warned, you are just crazy to try and buy stocks here fr more than a trade, at this point the market has cancer and it is spreading FAST. Their is no bottom here, do we rally sure but how far is the real question.

Financials

Again the new today is the total nationalization of the system and I have to be honest that might be the ONLY way to save the systm.m Last year I said the banking system is broken and this is the outcome of it. The system is broken and those who have the capital to save it dont see a viable business plan for the banks, therefore they might as well be called dead.
I dont see a logical way out because personally I believe the financials are all bankrupt so what can they do. In the mean time our FAZ still rocking and I think 100% gainer on that..


MARKETJEDI