Thursday, January 17, 2008

20080116PM

DOW 12,466.16 -34.95 (-0.28%)
NASDAQ 2,394.59 -23.00 (-0.95%)
S&P 500 1,373.20 -7.75 (-0.56%)
Buyers came in before lunch. Markets need a lot more fear to make a good bottom.
Silver down .42 and gold down 18.

SOLF 19.96 -1.47. Covered the short from yesterday. Next level down is 15, if it keeps sinking.
AN 12.38 +.08. AutoNation will feeling credit squeeze. Intraday made 52 week low.
SEED 9.16 +.11. Low was 8.1.
ABAX 37.33 -.55. At end of day was moving toward day high, so am long overnight. Looking to sell in the morning over 37.5.

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