Saturday, April 5, 2008

Market Commentary sent to Timer Digest on Friday April 4, 2008

Market Commentary sent to Timer Digest on Friday April 4, 2008SocialTwist Tell-a-Friend
Fari Hamzei

As of this writing (1 hour before the close on Friday, April 4th), we are in an extremely overbought condition (+195 reading on NYSE McClellan Osc and +137 for NASDAQ) -- thus, a pause is in order next week before the April OX, the following week!!!

Given that the equity markets reacted well to the March Non-Farm Payroll's -80K bad news, this tell us that six months down the road, we should be trading higher. Again we re-iterate our belief that the bad news is priced in and the Street is viewing the FED rescue of BSC from a near catastrophe as pro-active.

On a pull-back, we plan to go long SPX again for your coveted "Timer of the Year Competition."



Editors' Note: Per March 31st, 2008 Issue of Timer Digest, Fari is ranked 1-1-2 in the Nation among 150 market timers. That is 1st in the last 3 months, 1st in the last 6 months and 2nd in the last 12 months.

Tuesday, April 1, 2008

Notice of Change of Market Bias

Notice of Change of Market BiasSocialTwist Tell-a-Friend
From: Fari Hamzei [mailto:Fari@HamzeiAnalytics.com]
Sent: Tuesday, April 01, 2008 2:12 PM
To: 'Timerdiges@aol.com'
Subject: Notice of Change of Market Bias


Dear Jim,

For your coveted Timer of the Year Competition, we are going NEUTRAL on S&P-500 Stock Cash Index (SPX) at the CLOSE today. Please confirm your receipt of this email.

Fari Hamzei
Founder
Hamzei Analytics, LLC




Additional notes for our readers:
Our reasoning is very simply -- we are up some 90+ handles since March 17.
It is too good to give up and we are very overbought here with NYSE McClellan Oscillator (A/D Line) reading of ~155 and SPX is at +2 sigma ....Fari

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