Friday, November 09, 2007

20071109 PM

DJIA 13,042.74 -223.55
NASDAQ 2,627.94 -68.06
S&P 500 1,453.70 -21.07

DUG 41.4 +1.92. ULTRASHORT OIL & GAS PROSHARES. Big volume increase the past week. Could be setting up topside run to 50s.
NXY 32.33 -.67. Went short today. Oil patch. Watch how it acts at 31.11. August 16 2007 low is 25.25.

NOVL 6.82 -.19. If this doesn't hold, look for 6.27.
GNCMA 9.01 +1.02 on good volume. Apparently no news. Up last two days.
SRS 105 +1.49. Closed this long this morning. Will look for re-entry.
PPG 69.27 -3.29. Gapped down on the open and stayed down. August 16 2007 low is 67.81.
VOLV 18.14 -.98. If market continues down, this has room to fall.
GME 52.78 -3.02. August 16 2007 low is 37.4.


Article on content delivery network providers, including akamai and limelight. Declining margins.

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