Day 12
Situation:
U.S. Markets: Finished Friday mixed, Techs down on Goldman downgrade … despite last weeks rally, November still was the worst month in 4 years … showing losses of more than 4% , Nasdaq even close to 7%.
Asian Markets: Mixed, China railway dissappoints as it jumps only 56% above IPO price … funny people 
analysts see 25 minimum jump as shares list in Hongkong on Friday …
Commodities/Currencies : Yen firming slightly on Fet cut “fears” … Oil keeps trading below 90 $
Events: US … ISM manufacturing … Europe … ECB’s Trichet speaks
Ideas/Strategy: … Situation unclear … so far only pullback to former uptrend … market could struggle here … on “fresh money” buying as month starts and Helicopter Ben working together with Mr (Mortgage-) Freeze … could, but does not guarantee one more top … I will try to sell into rallies … Let’s see
supports: 7860 … 7820/25 … 7760 … 7720 … 7707 … 7660/70
resists: 7900 … 7920 … 7934 … 7955 … 7990/8000
Tags: China, daily outlook, Goldman
