We tested the lows for the $RUT, slightly for the $COMP, and not quite for the $SPX and $DJIA. The $VIX remains elevated, but the fear seems to be subsiding as it has not tested it's own highs (as of today). The indicator is still consolidating and a breakout is still possible as long as it hold the 20-day MA.
Inside the Numbers Redux; Why We (Likely) Still Haven’t Bottomed
Looking at 3-day charts, these daily patterns are not very bullish at all. We are closer to testing the Friday lows. Intra-day I made use of the fib retracement levels during the wedge's progression, another tool to keep yourself from panicking. The very long neutral range was especially problem due to false breakouts and breakdowns.
China Industrial Waste Management Inc. (CIWT.OB) Reports 3rd Quarter 2008 Financial Results and Posts Revised Fiscal Year 2008 G
China Industrial Waste Management, Inc. (CIWM) released its 3rd Quarter 2008 financial results today for the period ending September 30, 2008. Among the highlights, total revenues increased by $3,434,442 or 53 % for the nine months ended September 30, 2008 as compared to the nine months ended September 30, 2007.
China Yingxia, Inc. (CYXI.OB) Quarterly Revenues Double
China Yingxia International, Inc., provider of nutritional food products and supplements primarily for the Chinese market, announced a doubling of revenues for the third quarter ending September 30. Revenue shot up to $7.5 million, a staggering 112% from the same quarter last year, while net income jumped 88%, to $3.2 million.
New Products and Contracts Generate Positive Q3 Results for China Energy Recovery Inc. (CGYV.OB)
China Energy Recovery Inc. (OTCBB: CGYV) engages in energy recovery systems with a focus on the Chinese market. The company captures industrial waste energy and uses it to generate low-cost electrical power, enabling companies to lower energy costs and reduce their carbon footprint.
Lack Of Confidence Is A Major Issue Impacting The Market
The lack of confidence is one element influencing the market's current weakness. To be sure, there are fundamental factors that need to be addressed to get the economy on firmer footing. One major issue that is pulling down confidence is the overhang of the potential new tax policies that will be coming out of Washington under the new Obama administration.
China Wind Systems, Inc. (CWSI.OB) 3Q Reports Revenues, Profits Leap
China North East Petroleum (CNEH.OB) Sales Jump 227%
China Architectural Engineering Inc. (CAEI) Posts 107% Increase in Revenue for Q3 2008
What is better Investing in Real Estat or Equity which will give hight returns in the long term
We didn’t have many reports this week, but three key reports were the Jobless Claims, Retail Sales, and the University of Michigan Consumer Confidence reports. The markets are down between 6-8% this week, depending on which index you use, and they fully reflect the grim confirmation of the state of our economy.
Hoku Scientific Inc. (HOKU) Subsidiary Signs Supply Agreement with Leading Alloy Producer; Secures Stronghold in Renewable
Hoku Materials Inc., a wholly owned subsidiary of clean energy technology company, Hoku Scientific Inc. (Nasdaq: HOKU), today announced a silicon metal supply agreement that will supply Hoku with guaranteed amounts of metallurgical grade silicon for three years beginning in 2009.