Market consolidating at this moment

I’m a minnow… sometime I have the knowledge of a dolphin.

sea dark glistening light

Take the path of least Resistance, which is up.

Hi Brian,

Since market

1. Range 1,007.37 - 1,025.93 took out prior aug 7th high 1018 ( called 19 days before it happen by Patrick Hughes)
   

above rising 50 dma innocent til proven guilty
but more cautious when below declining 5dma (30min can be more important)

1. 
   
2. doesn't this mean buy on the dips

no, it means buy AFTER dips once the mkt has shown stability

1. 
   
2. Doesn't FRE and FNM look like a setup going up more?

probably

1. 
   
2. would you sell now or let FNM go to 1.32 and FRE to 2

raise stops, maybe scale out

1. 
   

UNG making a nice turn ( guilty until proven innocent.)

1. UNG making a nice turn, good advice is buy small amounts as it goes down and hold for a year. Moise

2. 
   

   VXZ went all the way to 82 the cleaned up to 85.46

   Vix had a divergence against the trins

   Be careful consolidation will go one way or another

   Will they swing higher low on the good news?

best regards,

The world is going Solar Wind Electric

Wednesday 12th of August 2009

Guodian Power Will Expand To Include Solar Power

Posted on: August 10th, 2009 by Jason Drew

Beijing-based Guodian Power Development signed a joint venture agreement with Ontario’s Canadian Solar, the companies have announced today. Canadian Solar will help Guodian Power Development install and operate photovoltaic power plants in China beginning in three major provinces and then expanding. Guodian Power Development is one of China’s largest power generators.

Guodian Power is a smaller sub company for China Guodian, which is one of five big nationally run power groups. The company holds power plants in 29 different Chinese provinces.

China Guodian boasts a total of 7,490 megawatts—including 6,687 MW of thermal, 471 MW of hydro, and 325.6 MW of wind power in energy capacity. The company wants to add solar to this list, aiming to install 510 MW in China by 2012.

Canadian Solar is based in Canada, but manufacturers its products in China. Products the company produces include ingots, wafers, solar cells and modules, as well as solar systems, which they then distribute to customers around the globe. They have a sales and distribution deal out of Spain, and a supply contract for Germany.

The company will expand by 820 MW this period in order to be able to accommodate their new deal with China Guodian. Guodian Power will maintain the largest share in interest for the projects, however Canadian Solar holds the rights to sell its products at estimated market prices.