*This bounce back from 12700 is just temporary

This bounce back today is just temporary. Hold on don’t pull the trigger and buy something now. We are going much lower. May be we’ll think of giving it a shot next week….may be at 12180.
Today’s down day was written all over since we broke the double bottom yesterday.

We repeat Dont BUY Dont BUY.

12180 is a very good support level, that should hold unless something else from the credit market breaks. We are hearing a lot of bad about Country wide Financials and one more of the kind. If you are anyway in that sector GET OUT. GET OUT before the end of this week.

This is not a storm brewing …we are in the storm and more are yet to come.

People losing homes in USA…companies going bankrupt not at all good for stocks.

Your Adarsh.

*S&P kills GS. AAPL and NYX estimates revised at first call

Second downgrade in two weeks !!!!

S&P down graded GS from a Strong Buy to BUY earlier last week.

Today S&P downgraded the stock again from a BUY to a Hold.

Donot buy the stock now…..We are going much lower with the market to get it lower …..Hold on

Estimates were raised for NYX at First Call

NYSE Euronext (NYX:NYSE) 12:00AM ET, Wednesday
Quarterly Earnings Estimate Revised August 15, 2007
First Call Consensus estimates for NYSE Euronext were revised to $0.62
from $0.63(-1.6%) for the third quarter. This is 44.19% higher than
last year’s results for the same quarter.
NYSE Euronext (NYX:NYSE) 12:00AM ET, Wednesday
Annual Earnings Estimate Revised August 15, 2007
First Call Consensus estimates for NYSE Euronext were revised to $2.38
from $2.35 (+1.3%) for the year 2007. This is 45.12% higher than last
year’s results for the year.

Estimates were reduced for AAPL at First Call

Apple Inc (AAPL:NASDAQ) Wednesday
Annual Earnings Estimate Revised August 15, 2007
First Call Consensus estimates for Apple Inc were revised to $3.72
from $3.73 (-0.3%) for the year 2007. This is 63.88% higher than last
year’s results for the year.

Apple Inc (AAPL:NASDAQ) 12:00AM ET, Wednesday
Quarterly Earnings Estimate Revised August 15, 2007
First Call Consensus estimates for Apple Inc were revised to $0.80
from $0.81(-1.2%) for the fourth quarter. This is 29.03% higher than
last year’s results for the same quarter.

Hope that helps,

Your Adarsh.