1. NOVEMBER MARKETS
2. UP STARS/DOWN STARS
3. GOLDEN OPPORTUNITIES
4. QUOTES
5. ON THE WEB
6. LETTERS 

1. NEW MARKET MARKER COMING THIS TUESDAY NOVEMBER 18.
It lasts until December 30, 2008. 

Investors are advised to Accumulate Dow 8000 OB and Sell/Distribute Dow 9750 OB.
Traders should Take/Protect profits at 10-25% depending on their individual Risk/Reward parameters. 

Question: Will Markets essentially Hold Dow 7800-8200 or will the 2003 low of DJIA 7416 become the new floor?
Either way, the OCT 2003 Low of DJIA 9660, has become short term resistance. 

A SOBERING THOUGHT: IS IT STILL TRUE THAT “AS GOES GM, SO GOES THE NATION"?
Question: Who will replace GM in the Dow? 

GUEST HYDE PARK SOAPBOX: A Recession Can Clear The Air 

KEY DATES:    NOVEMBER 18
DJIA:                8500 PIVOT SUPPORT S1 8200 S2 8000 S3 7800 S4 7500  R1 8750  R2 9000  R3 9400  R4 9750
SPX:                850 PIVOT
NASDAQ:        1500 PIVOT
XAU:                70 SUPPORT 83 RESISTANCE
FEB GOLD:      $912 FAIR VALUE
MAR SILVER    --> $12
XOI:                  800 SUPPORT  900 PIVOT 1020 RESISTANCE
JAN OIL:           $60 PIVOT $55 SUPPORT $67 RESISTANCE  

The Market Marker Sentiment changes 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 8 offer 5%+ Dividends.
THINK SWISS AND PRESERVE CAPITAL: FOCUS ON PROTECTING AGAINST DOWNSIDE RISK. 

2. I.B.M. Has Tech Answer for Woes of Economy
“The company’s chief executive is to propose a technology-fueled economic recovery plan that calls for investment in more efficient systems for various public services.”

HW: Fundamentally IBM will Outperform especially Q1 2009.  Buy IBM as a long term investment and/or as a short/intermediate term trade.

ACCUMULATE $75-80 -  PROTECT $95-100. 

3. Gold’s Fair Value is $912. It is currently lower. Hence we continue to accumulate. 

READER: SSRI is down big; do I sell or buy more?
HW: Everything always depends on WHY you bought it - as a trade, investment or hedge?
We are obviously buying into the Full Moon [Nov 13].

READER: I bought it as a trade, but willing to hold longer if appropriate.
HW:  Hard to say, time wise if not profitable by Monday [November 17] one has to place firm stops as the astro for Silver is basically Thursday/Friday plus or minus one day. Given the size of the projected move, we tend to come in early.  Gold we expect to kick in as well, especially if $700-$710 holds a few more days.
Of course with every trade, you have to use your standard risk/reward parameters and technical indicators as well.

READER: What do you expect to be the driver for a big gold price move after the 13^th and 15^th of November?
Is your expectation for it to move quickly back toward its highs or just to quit falling?
It seems recently that the continued downward pressure on smaller and mid-cap gold’s has been a falling general market (DJI and SP500). Do you expect with gold moving upwards that the gold stocks will be able to break from the general market trend and rise regardless of trend of the general market like back in 2001?
This certainly has been the most brutal market downdraft that I have ever experienced.
HW: Amen to your last statement.  I don’t know. I COULD speculate there are lots of possible reasons, but it really doesn’t matter what it will be. It matters if this particular forecast is right. From an intermediate term perspective, however, the risk/reward for buying gold, silver and precious metal stocks has rarely ever been more favorable.   However, smaller caps stocks will kick in last.  Watch the amount of cash companies have, their resources in the ground and whether they need to go to market for financings in the next 6 months.  I do believe, however, by the time of our February Triple Gold Conference, most gold bugs will be far happier than they are today. Conversely, most gold bears should start hibernating!
Remember: Ben is gold’s best friend (US Money supply has increased well over 35% this year, and I would think, given recent global central bank actions, this is more than a US dollar phenomena 

4. “The U.S. is going to be the first market out of the bottom. We’re at a major buying opportunity.''
Barton Biggs, manager, Traxis Partners
HW: I am not so sure. What about Australia and Canada? 

“`The market discounted what we believe will be a recession in 2009'' when it reached a five-year low of 848.92 on Oct. 27.”
Jason Trennert, Strategas Research Partners
HW: Probably. 

“This is clearly the best buying opportunity we've seen in a long time,'' yet ``the volatility and magnitude of the downside move has shocked people and frightened them.''
Robert Schaeffer, a money manager, Becker Capital Management.
HW: True.  

5.Street Trades on Wall Street
 Note: A brief video on me and two Wall Street psychics. 

Star performer relies on the stars 

Is Now the Time to Buy Stocks? 

6.  READER: You're not very cheerful, are you? Right in time for Thanksgiving, but, then again, who knows?  You might turn out to be too optimistic.
HW: Looking ahead short term, I feel a lot better than the average Turkey! 

READER: Interesting gold comment, I think too Gold will retest $900 next months. I am however a little bit more cautious next year, as several insiders believe gold will test $650 next year as the unwinding of leverage should  continue and US$ will make final high and stock market final(interim) low.  
I guess the best strategy is to put tight stops or buy some gold puts to offset its gold position.
HW: Everything depends on whether you are investing, trading or hedging gold. 

READER: You describe Nov. 18 as a "Market Marker Day."   If I understand correctly, do you anticipate a strong, clear trend to take shape at/after that point (without necessarily being certain right now about the direction of the trend)?
HW: It lasts until December 30 and it will be the Thanksgiving to Christmas “Market Zeitgeist” in the absence of specific market moving news.