1. NOVEMBER MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
4. RIPLEY’S BELIEVE IT OR NOT
5. QUOTES
6. ON THE WEB
7. LETTERS 

1. INVESTORS:  BUY DOW 8200 OB; SELL DOW 9750-10,100. 

TRADERS Take/protect intermediate term profits sometime by/before Friday November 14 to Tuesday November 18th. OCO OEX 515, SP 1020-1035.
THIS DOES NOT APPLY TO GOLD AND SILVER STOCKS AND ONLY MARGINALY TO OIL/ENERGY STOCKS BUT TO STOCKS SUCH AS TELECOMS (T, VZ) and Financials (BAC, MET), AND SELECT TECHNOLOGY. 

While there MAY be a short term bottom, the Fat lady has NOT yet sung.  Intermediate term, we continue to see a series of ROLLING BOTTOMS, not a single market bottom that you can buy and hold and forget. THOSE DAYS ARE LONG, LONG GONE!
 

ASTRODATES
11/13 Full Moon 1:17 am ET

KEY DATES:    NOVEMBER 13, 18
DJIA:                90000 PIVOT SUPPORT 8200 RESISTANCE 9750
SPX:                 940 PIVOT R1 980 R2 1000 R3 1020 RR 1035
NASDAQ:         1650 PIVOT
XAU:                 66 SUPPORT 83 RESISTANCE
DEC GOLD:      $912 FAIR VALUE
MAR SILVER    R1 11.80 R2 13 R3 14
XOI:                 900 SUPPORT
DEC OIL:          $60 PIVOT  

The Market Marker Sentiment Happy Markets then retreats to Worry until NOVEMBER 18!
DON’T BUY AND HOLD: BE LIQUID WITH A BALANCED AND DIVERSIFIED PORTFOLIO!
2007 CLOSE:           DJIA 13264, SPX 1468 & NASDAQ 2655
2006 CLOSE:           DJIA 12463, SPX 1418 & NASDAQ 2415
2005 CLOSE:           DJIA 10717, SPX 1248 & NASDAQ 2205
DIJA:                       5 ~ FV 6 UV; 13 offer 4%+ Dividends 9 offer 5%+ Dividends.
THINK SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK. 

2. Best Dividend Stocks
“The best dividend stocks above have been hand picked by Dividend.com staff, and these stocks are Dividend.com Certified as solid long-term investments” 

Last week, we gave three of our top picks for Oil, Gold ad Silver. As for Natural gas stock PICKS, given the consensus for a cold winter, we have begun recommending buying NG stocks  whenever Natural Gas is $6.50 to $7. Our three current choices are: The Amex Natural Gas Index XNG, Apache (APA) and XTO Energy (XTO) 

3. GOT GOLD? GOT SILVER? IF NOT, WHY NOT?

• Current Fair value of US .77.  January 20 it increases to .78
• Current Gold FV is $912; Silver FV is still being calculated (A moving target). We estimate it is $12-$14.
• Gold/Silver ratio is an absurdly high 73 and the Gold/XAU ratio 8.62.  Both are majorly out of whack.
• We expect Silver to rally strongly later this week and gold stocks soon thereafter, if not before. Enuf said. 

4. Fed Hires Bear Stearns Risk Chief...To Supervise Bank Soundness

“You cannot make this stuff up. From the Federal Reserve Bank of New York's web site:

Michael Alix has been named a senior vice president in the Bank Supervision Group of the Federal Reserve Bank of New York. He will serve as a senior advisor to William L. Rutledge, executive vice president, Bank Supervision Group....Most recently, Mr. Alix worked for the Bear Stearns Companies, Inc., where he served as chief risk officer from 2006-2008 and global head of credit risk management from 1996-2006…..

As John Carney of Clusterstock, who found this remarkable tidbit, noted:
We suppose that Alix at least has plenty of experience with unsound banking institutions. He was the chief risk officer of Bear Stearns from 2006 until 2008. So, basically, he was the guy on the mast charged with yelling "iceberg" just before the Titanic introduced its bow to a floating hunk of ice.”
HW: No Comment needed.
 

5. "That we are in a recession, very severe, there's no question. Gross domestic product in the United States in the fourth quarter is going to be down significantly."

Alan Greenspan

HW: You should know. You are the single most responsible person for this mess.

“Banks are cutting back, the economy is in a deepening recession and in that environment, I don't think banks are going to become a lot more willing to extend credit soon.''

Jan Hatzius, chief U.S. economist, Goldman Sachs Group

HW: Duh! 

“We’re in for a rough patch and it’s going to last probably for a little longer than we’re used to,” “We haven’t really seen the impact on the consumer yet from the job losses we’ve just reported.”
Drew Matus, senior U.S. economist, Merrill Lynch.
HW: I am willing to wait a full TV hour, and maybe even for a 3 week mini-series, but are you saying I have to wait longer than that?  

6.  A "Perma-Bear" Warms to Stocks 

The Strange Case of Falling International Reserves 

They're counting pennies and buying on sale 

7. READER: Of the [PM] stocks you mention which present the safest and quickest way to make money between now and year end?
HW: Silver Standard (SSRI) and Nova Gold (NG). 

READER: I have one question about the date you keep mentioning November 18th is this the start of a rally or the start of the decline ? what should we expect on or after this date ?
HW: It is the next Market Marker Day. 

READER: I have studied a lot of these panics. What should happen is the current rally should continue for another few weeks or month then their should a retest probably back to 900 or on the SPX in December then the market should start up in January or so and that should be the bottom and the start of a 1-2 year bull market much like 75-76. The dollar is going to start to tank probably next year and gold will begin to go crazy shortly.
HW:  I agree with our gold and US dollar forecasts, but as for the market timing we see a drop in November ,not December. Thanks for the feedback.
READER: I should correct myself the drop will start in November and go into December.
I don’t use astrology but rather trading patterns of past market bottoms, 2002, 1974, 1907 etc... Right now money supply is increasing at 40% i can not see this not leading to inflation it has to.
NOTE: November 5 & 6 the markets dropped as forecast.  We then covered and reversed for Friday’s market rally.