Fari Hamzei
Last Wednesday (before the close) we wrote you the following:
all eyes are on LEH ..... Fed will stand ready to protect the 4th largest investment bank as Treasury stepped in to protect the housing market (by buying 80% of FNM & FRE) last Sunday.
STAY LONG for now...
as of the Close today, very little has changed:
LEH will be sold in an orderly manner, most probably to the BAC-led group. LEH does not have a liquidity crunch like BSC did back in March. GM & F (and Chrysler) will be helped out too with retooling loans. As I wrote to you a few weeks back, it is election time and the politicians will have no other choice but to push to the right our Economy's structural problems and past the November Elections.
With Housing (Mortgages) and Autos [temporarily] fixed (but not cleaned up, and more like, band-aided for now), the market should get less risk averse in the coming weeks.
For now CONTINUE to STAY LONG......
Have a great weekend.....
Go Chicago Cubs !!!!
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Friday, September 12, 2008
Monday, September 8, 2008
Notice of Change of Bias
Fari Hamzei
From: Hamzei Analytics LLC Admin [mailto:Admin@HamzeiAnalytics.com]
Sent: Monday, September 08, 2008 7:31 AM
To: MSA (M_S_A@HamzeiAnalytics.com)
Subject: Notice of Our Change of Bias
This morning Timer Digest has confirmed our Change of Bias as of Sunday afternoon ~ 3 pm EDT.
F
From: Timerdiges@aol.com [mailto:Timerdiges@aol.com]
Sent: Monday, September 08, 2008 6:07 AM
To: Fari@HamzeiAnalytics.com
Subject: Re: URGENT>>> how late can I change my bias today (Sunday) on SPX Short I put on August 22nd ???
September 8, 2008
Fari
We will log your S&P 500 Buy signal as of the 09/05/08 close, but confirm that this is what you want to do.
Technically you have until 4:00 AM ET to receive the previous market close.
Thank,
Jim
In a message dated 9/7/2008 3:04:10 P.M. Eastern Daylight Time, Fari@HamzeiAnalytics.com writes:
From: Fari Hamzei [mailto:Fari@HamzeiAnalytics.com]
Sent: Sunday, September 07, 2008 2:04 PM
To: Jim Schmidt (Timerdiges@aol.com)
Subject: URGENT>>> how late can I change my bias today (Sunday) on SPX Short I put on Aug 22nd ???
From: Hamzei Analytics LLC Admin [mailto:Admin@HamzeiAnalytics.com]
Sent: Monday, September 08, 2008 7:31 AM
To: MSA (M_S_A@HamzeiAnalytics.com)
Subject: Notice of Our Change of Bias
This morning Timer Digest has confirmed our Change of Bias as of Sunday afternoon ~ 3 pm EDT.
F
From: Timerdiges@aol.com [mailto:Timerdiges@aol.com]
Sent: Monday, September 08, 2008 6:07 AM
To: Fari@HamzeiAnalytics.com
Subject: Re: URGENT>>> how late can I change my bias today (Sunday) on SPX Short I put on August 22nd ???
September 8, 2008
Fari
We will log your S&P 500 Buy signal as of the 09/05/08 close, but confirm that this is what you want to do.
Technically you have until 4:00 AM ET to receive the previous market close.
Thank,
Jim
In a message dated 9/7/2008 3:04:10 P.M. Eastern Daylight Time, Fari@HamzeiAnalytics.com writes:
From: Fari Hamzei [mailto:Fari@HamzeiAnalytics.com]
Sent: Sunday, September 07, 2008 2:04 PM
To: Jim Schmidt (Timerdiges@aol.com)
Subject: URGENT>>> how late can I change my bias today (Sunday) on SPX Short I put on Aug 22nd ???