NTES is nearing accumulation zone (m/w/d RSI 7: 40/30/30). Anybody knows if fundamentals are still intact ? Estimates for 07 are coming down. In the past, if I recall correctly (as opposed to CEO favorite "can't recall"), Bill was interested in this company. I am long with a tiny amount($). Thanks.

Didn't like that little moonshot in gold on the charts and we may get to find out why....

Have a look at the huge spike at the close in XOM:

http://ca.finance.yahoo.com/q/bc?s=XOM&t=1d

How many shares was that? Was it an attempt to bring the DJIA above the record at the close, or does someone know something about XOM...?

And everyone said oil was dead.

Is oil following gold now that the CBs should have stopped selling?

Funny, with all these "new highs", "record highs"
etc.. my short on the RUT from last Thurs - has not been stopped out yet - came close this a.m. though.

So far the RUT and MID have not been buying goldilocks - but they could catch up tomorrow - with HPQ lined up to be tommorrows pump to get that "RECORD DOW CLOSE"

BTW... How about that...
A record close of the DOW will go down in history as having been due to the board of one of American's top corporations all spying on one another, trying to cover it up, lying, unethical behaviour and ALL pleading the 5th amendment to hide possible illegal behaviour.

An excellent way to top off this rally - Buy Bad news, Buy bad Ethics - now Buy anything...

I'm sticking to Day trading/swing trading until I see RUT and MID start outperforming $SPX - then I'll get back to position trading - Simple as That!

tradesman

Re: "ALL pleading the 5th amendment to hide possible illegal behaviour."

Senior management testified (Hurd, Dunn, et al) and were raked over the coals significantly - and appropriately so.

Those who took the "fifth" included HP's just resigned (~36 hours ago) general counsel (with a 3.6 million dollar golden parachute), low to mid level employees, and contract investigators (AKA - the wiretappers). When the smoke clears, these potential sacrificial lambs are the ones who will depend on legal counsel ("take the fifth") to stay out of jail.

Tradesman,

Yeap, Russel 2000 closed lower. If it follows up you may well be right. But how about a DJIA record brought to us courtesy of higher oil, how ironic would that be?

I have read people calling for oil at 70's, at 60's, at 50's at 40's. To me it can go anywhere and it is pointless to guess where it is going.

Any idea what to do with SMH 35 puts?

4M shares traded on XOM at 3:59PM at $0.40 over the price then (= $1.6M extra!). How can it be even possible to trade 4M shares like that?
I thought it was illegal to do that :-).