Huge rally on Friday?

Quote from AKUMATOTENSHI:

I don't see the chart that way. It looks like marginal downside movement.

Akuma

Î ïðåäñêàçàíèÿõ óõîäÿùåãî ãîäà. Âåðþ â ìàãè÷åñêóþ öèôðó - 30%.

Ïîìíþ àêòèâíûå ïðåäñêàçàíèÿ ïî íåôòè â ñåðåäèíå èþíÿ, ïîñëå êîòîðûõ âçÿë çàðàíåå áèëåòû íà âñþ ñåìüþ â Êàíêóí â äåêàáðå. (Ïåðåïëàòèë, ïî öåíàì îêòÿáðÿ-íîÿáðÿ, ÷òî òî îêîëî 1200).
Ìîë, öåíà çà áàððåëü íå îñòàíîâèòñÿ íà ñòàñîðîêà. È áóäåò ïîä äâåñòè ê êîíöó ãîäà. È ýòî ãîâîðèëè êðóïíûå ëèöà, îáÿçàííûå çàïîäîçðèòü íåëàäíîå ñ ïðîäàæåé äîìîâ, ïîòðåáëåíèåì ìàøèí íà ïðîòÿæåíèè ïðåäûäóùèõ 18 ìåñÿöåâ. ÄæèÝì è Ôîðä óæå òîãäà, â ñåðåäèíå èþíÿ, ñåðü¸çíî ñäàëè îò íà÷àëà ãîäà. Ýòî - êîìïàøêè, êîòîðûå æèëè ïîñëåäíèå ãîäû íà ïîêóïàòåëÿõ (÷èòàé, ðåäíåêàõ) ñî ñðåäíèì ãîäîâûì (47Ê) äîõîäîì è æåëàþùèì ðâàíóòü íîâóþ 4-õ âåäóùóþ ìàøèí¸øêó íà, îïÿòü æå, çàíÿòûå êðåäèòû.

È, Ìîíÿ, ÷òî ÿ âèæó? Ïàðó äíåé íàçàä ïîäîáíûå ãîðå-àíàëèòèêè ãîâîðÿò î äàëüíåéøåì ïàäåíèè íåôòè äî 25 áàêñîâ. Ò.å., íà åù¸ òðèäöàòü ïðÎöåíòîâ îò ñåãîäíÿøíåãî áåñïðåäåëà.

Îïÿòü òðèäöàòü ïðîöåíòîâ ïðîäîëæåíèÿ äâèæåíèÿ. Íå âåðþ (ñ).

Ñäà¸ööà, äíî ãäå-òî ðÿäîì. Îòáîé è ïåðåëîìíûé ìîìåíò ïåðåäîâèêîâ êðèçèñà è ïàíèê¸ðîâ - Ïîêóïàòåëåé íåôòè - íàñòóïèë.

Ñ ñåãîäíÿøíèõ 35 - ïóòü òîëüêî îäèí - Íàâåðõ.


About predictions for the end of 2008.

I started to believe in magic number of 30%.

I do remember active predictions regarding oil price in the middle of June.
Sorta the price of 140 per barrel is not the end. By this year end it'll go up to 200 (another 30%). It forced me to buy a set of round trip-tickets to Cancun in the beginning of December. (By the way, I paid somewhat extra $1200 comparing the prices of October-November).
And what I see now. The same big names are talking about the further oil decline by 30%.

No trust in them (c).

Feel, that the bottom is around-the-corner. I can even touch it with my left big toe.

The biggest panic people - oil buyers - have reached the point. They shall not tolerate further decline.

There is only one way. Way to go up.
There rest of the economics shall go slowly back. Back to the future.
 
Quote from stock_trad3r:

On another positive note oil is surging:

Oil	35.99	0.64	1.81

Up 2%..not bad

Nikkei 225	8,703.63 8:21PM ET	Up 104.13 (1.21%



We could see a large rally in Hong Kong and Europe as well. 

Keep in mind that the market looks very, vary far ahead. That big selloff between october 3rd-10th was the pricing in process of three months of bad econ news. 
Now we'll see a huge rally as funds price in an economic recover in mid 2009. 

But the economy doesn't really have to recover because this recession has been so shallow when you look a the numbers. There is so much value and PE ratios are so low. 

 There is no compelling reason for the market to be this low.

Do you ever stop with this non sense? It's Christmas for the love of God. Take a break damn it. Spend some time with family and friends you pathetic troll.
 
Quote from Red_Ink_inc:

Do you ever stop with this non sense? It's Christmas for the love of God. Take a break damn it. Spend some time with family and friends you pathetic troll.

Mind your own business. If he wants to post a comment regarding the market it's his business and this is surely the site for it. If you don't like it stop reading and go visit your own family.

With that said I'm feeling an up day but this type of prediction is not my style so I will just wait and see.
 
This report says otherwise:

Retailers' holiday sales drop at least 5.5 percent

NEW YORK - It's official: This was a rotten holiday season for retailers.

A weak economy and strong winter storms brought total retail sales down between 5.5 percent and 8 percent from a year ago, according to preliminary data from SpendingPulse.

Many economists have predicted this would be the worst holiday season in decades as home prices plunged, unemployment rose and nervous consumers cut costs. Compounding retailers' problems were unexpected winter storms that snowed-in would-be shoppers everywhere from Seattle to Las Vegas to Boston.

When gas and auto sales are excluded from the holiday period from Nov. 1 to Dec. 24, overall sales were down somewhere between 2 percent and 4 percent, according to SpendingPulse, a division of MasterCard Advisors that tracks total sales paid for by credit card, checks and cash.

During the holiday season, gasoline prices were down 40 percent from a year before.

A separate measure of holiday spending, from the International Council of Shopping Centers, is expected to fall 1.5 percent to 2 percent from last year, making this the worst season since 1969. A full picture of the season won't be known until Jan. 8, when major retailers report their sales results.

Food sales were strong, while clothing sales - especially the most expensive clothing - were dismal, SpendingPulse said.

Sales of women's clothing dropped 22.7 percent, according to SpendingPulse. Men's clothing sales dropped 14.3 percent and footwear sales fell 13.5 percent.

Total sales of luxury goods - defined as the highest priced tenth of jewelry, clothing and leather goods - fell 34.5 percent.

Sales of electronics and appliances were down 26.7 percent, leaving electronics retailers more rattled than any others.
 
maybe we'll have 2 wail till monday 4 volume 2 pick up

nice pop..double white candles on the Dow ...should end the day up 150 points easily
 
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