stocks moving on heavy volume ( 06 October, 2008)

1. EEV
2. EFZ
3. WEDC
4. BHLB
5. FNLC
6. ORIT
7. TOWN
8. SHBI
9. DMND
10. PLW
11. OFLX
12. LG
13. SPTN
14. UIL
15. PTIE
16. EFU
17. NEOG
18. EMS
19. WWY
20. RSW
21. IEF
22. EUM
23. SFK
24. SJF
25. SIJ
26. SCC
27. SDK
28. FXP
29. EWV
30. ITE
31. TLO
32. PSQ
33. DXD
34. MZZ
35. SH
36. DOG
37. MYY
38. REW
39. SDS
40. QID
41. IMCL
42. DNDN
43. GTXI
44. CSLR

another black monday (06 october, 2008)

First the overview of the market indices:

AEX Index	312,56	-9,14%	S&P 500 Index	1056,89	-3,85%
Dow Jones Indus. Avg.	9955,50	-3,58%	Nasdaq Composite	1862,96	-4,34%

The AEX index graph is shown for the last 20 years. The current downward spiral is showing signs of ending. This means that once again there is light at the end of the horizon. Have patience and wait for the breakout from the spiral and go for some short term uptrend. This may give rise to a relief rally.
Chances are that if the index recovers to around 347 level(that is a rally of 11% or so) it may begin to climb out of the spiral. Taking lessons from last rally in 2003 this may take us to level of 500 or so.

On the other hand if the head and shoulder pattern has to be completed then the index drop will extend to 217.

Which of these scenarios will play out we will have to wait and watch. For now be careful and keep in mind these two scenarios.


At the end of the day the market did rally gaining more than 5%. This shows that there is still buying power amid the heavy selling . Clear signs that it is an oversold market.

The indications are that value is starting to reemerge. But still market volatility and uncertainity prevails with huge interday swings in indices. Have patience and observe the market moves. the end of bear market is not yet in sight. Panic still persists among search for value.

Factors at play:

1> inflation
2> recession
3> Confidence crisis.
4> Liquidity crisis.

Inflationary pressures of commodity is temporarily in check. this is mainly due to recessionary fears and lack of liquidity for speculation.

Main factors among the above four is lack of confidence. That is a very tricky thing to restore. Money cannot buy confidence. Market fundamentals have to be in place in order to do that.

But that would take some time to come. ....

institutional investment (02 october, 2008)

The indices :

AEX Index S&P 500 Index 1114,28 -4,03% Dow Jones Indus. Avg. 10482,85 -3,22% Nasdaq Composite 1976,72 -4,48%

(Another big day of sale off , on the background of the pending decision of
the US senate on the 700bn$ bailout)

1. SCVL
2. PVSW
3. BHV
4. RSW
5. SH
6. SCC
7. TLO
8. WAL
9. ABT
10. PNRG
11. MWIV
12. ACV
13. CL
14. DMND
15. THS
16. UBCP
17. ATML
18. PHTN
19. NCEM
20. CAI
21. DCM

01/10/08 institutional buying

1. IMCL
2. QCOR
3. HPY
4. ECL
5. SH
6. FXG
7. TLO
8. ITE
9. EFJI
10. WWY
11. CHG
12. RGCO
13. SXI
14. CTGX
15. OTEX
16. NFS
17. MWIV
18. K
19. CPB
20. DMND
21. CIZN
22. ICXT
23. PNTR
24. PHTN
25. UFI
26. CENTA