It's E-Trade's Turn!

by Larry Levin

No brokerage, bank, or mortgage lender is safe! All of them have the same story. They all have bad loans on the books and don't be the least bit surprised to see more to come. No one is immune.

But here's the thing: the market and investors are starting (a little bit) to get used to it. We sold off again on Monday afternoon, but the market spent a good part of the day moving higher, even with E-Trade trading 60% lower on the day.

That's what I mean, the more similar bad news we get, the more investors get accustomed to it. And that's what I believe is starting to happen now. Bargain hunters will start coming in this week looking to buy the bottom. We will see if it really is the bottom.

Real Time Trading Signals*for

Trade Date: 11/12/07

E-Mini S&P Trades*
(before fees and commissions):

8:34 B/A Sell 54.00 = +1.00, +1.25, +1.25

9:40 ID VA Buy 60.00 = -1.75 all

10:15 VA Buy 66.00 = -1.00, -1.50

12:56 VA BUy 55.00 = +.75, +2.50, +1.50

2:28 ID VA buy 54.50 = -1.75 all

2:36 VA Sell +.75, +3.75, +11.00


E-Mini Russell Trades*
(before fees and commissions):

1) Sell @ 8:37am at 772.4 = -1.0 & -1.0

2) Buy @ 10:43am at 780.2 = +.5 & -1.2

3) Sell @ 11:30am at 782.6 = -1.0 & -1.0

4) Sell @ 12:24pm at 781.7 = +.5 & +2.5

5) Buy @ 1:49pm at 777.9 = b/e & -1.4

6) Sell @ 2:33pm at 773.3 = -.9 & -.9

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