YIKES!!!!

Todays TICKQ............


3 Year TICKQ Weekly Chart..........


Caution could be an under statement..........


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EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

On February 09, 2007
Saifun Semiconductors Ltd. announced that its Board of Directors has authorized the Company to purchase up to 1.5 million of its ordinary shares, which represent approximately 4.8% of the total outstanding shares of the Company. Shares may be purchased from time to time in open market transactions. (Source MSN Money)

Good luck trading...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

ALL is FAIR in Love, War & Quadruple Witching's...

SUBPRIME LENDER BET IS $68M LOSER (New York Post)
http://www.nypost.com/seven/03152007/business/subprime_lender_bet_is_68m_loser_business_roddy_boyd.htm

Imagine getting a margin call on $68,000,000.........



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HOT SPOT CHARTING...

(Click charts to enlarge)

QID, Ultra short QQQQ ETF.
The last two candlesticks formed a Bearish Harami Pattern .
Potential change of trend...


MZZ, Ultra Short Midcap ETF.
The last two candlesticks formed a Bearish Harami Pattern .
Potential change of trend...


BRNC, Closed just below the 50ma.
Could have potential with a cross over...


NYSE TICK.
MACD in positive territory...


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00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

HOT SPOT CHARTING...

T..........


MU, is a component of the Philadelphia Semiconductor Index...


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AGAINST ALL ODDS...

The "norm" would be an all out grab your balls and hit the court massive short covering rally prior to option's expiration Friday.

So I wouldn't be surprised if the markets reverse tomorrow Against All Odds*.

*John Henry winner of the inaugural Arlington million Stakes.........

There's a bronze statue called "Against All Odds" created by Edwin Bugucki that stands on a balcony overlooking the paddock at Arlington Park. It commemorates one of John Henry's most thrilling, as well as his most controversial, finishes. It was the inaugural Arlington Million and two horses, John and an Irish 5 year-old named The Bart, came sweeping home almost as one horse. Virtually everyone watching, including the racing judges, was sure The Bart had beaten a charging John Henry who was closing relentlessly, sure that the finish line would come too soon for John to catch up. Everyone was wrong. John won, not by a nose, but a lip.


(A little background)
John Henry was sold as a yearling for $1,100 at the Keeneland January Mixed sale to Jean Calloway who is credited with giving John Henry his name. Besides being back at the knee (a flaw in conformation that generally makes a long racing career unlikely), undersized, and plainly bred, John Henry had bashed his head in his stall just before being led to the ring, bloodying his face. Needless to say, he was not an attractive prospect. From there, he was shuffled around through a series trainers, making his mark as a workmanlike racehorse who earned money in minor stakes, allowance races, and mid-level claiming races. One such allowance race took place at Saratoga Race Course on August 8, 1978. The race is of note in that John Henry finished behind Darby Creek Road who won in a track record time of 1:20 2/5 for 7 furlongs. Also of note was the fact that unknown to all attending that day, the race card featured two future Hall of Fame horses. At that point, John Henry was a nobody, but later on the card the great Affirmed scored a heart stopping victory in the Jim Dandy Stakes over the speedy Sensitive Prince.




A rally may or may not happen this week but I think I will keep my buy list nearby..........


Good luck trading...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

EMAIL- hotspotcharting-ook@yahoo.com

FORECLOSURE WATCH...

IYR, potential high tight bearish flag forming.
An easy way to play the real estate sector (long/short)
is by using the IYR etf...


Foreclosures May Hit 1.5 Million in U.S. Housing Bust-- March 12 (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601103&sid=ahwzaBwuNaII&refer=us


Charts and comments NEVER INTENDED AS ADVICE...

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DIMINISHING VOLUME...

Diminishing volume to start this triple witching options expiration week.
Odds are increasing for a sell off...


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HOT SPOT CHARTING...

(Click charts to enlarge)

ALTR, back in the rising wedge...


SCVL, megaphone pattern...


SMTL, Will it break below the trend line.........


KDN, potential bear flag...

Charts and comments are NEVER INTENDED AS ADVICE...


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ALL EYE'S ON CHINA...

Shanghai Stock Exchange Index,
Potential reversal Doji.
With the holiday trading gap it kinda resembles a volcano...


Hong Kong Hang Seng,
Potential bear flag...


Thanks for visiting...

00K


The email address is provided only as a courtesy to those readers who want to express their comments...

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