OCTOBER 10, 2007 5:30-7:45PM MEETING

Great meeting last night. There were many great ideas, questions and comments shared by the group.
First, I'll put down everyone's forecasts, using initials only to protect our identity.
I'll put the symbol, direction
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MJ - DJIA, bearish - 10Day Avg Range = 210 pts. 14078 close. Reasoning "Weak economic outlook plus new stock market highs suggests over bullishness."
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TS - WBMD-RVBD-TBSI bullish - 3 stocks average = WBMD 61.35 last, 2.33 ar. RVBD 49.68 last, 2.68 ar. TBSI 53.55 last, 3.41 ar. "Fundamentals, momentum, breakout".
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SK - EuroUSD down - Using FXE (EuroCurrency ETF) 141.66 last, 0.813 ar. Reasoning "US Dollar recover or pull back"
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BR - USDollar down - Using FXE (EuroCurrency ETF) 141.66 last, 0.813 ar. Reasoning "Near recession economy or perception of recession"
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KM - Uranium bullish - Using what though? UX futures only shows a closing price. 85.10 UXZ7.
The Sep H-L for UXZ7 was 87.11-84.22. So, if we must be fair, perhaps the Sep monthly range will be used as a volatility measure. Reasoning: "Global commodity sector play"
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TW - Semiconductor Index bullish - symbol = PSI = etf by powershares - $18.85 last, 0.33 ar. Reasoning - "Seasonal fourth quarter strength in technology and efficiency investment spending driven by high energy prices will lead investors to semiconductor shares"
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JB - US Dollar Index down - using long Canadian Dollar etf = FXC 102.19 last, 0.66 ar. Reasoning - "Stability of credit markets leads to additionals easing by the Fed"
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BW - Gold - using GLD etf - 73.36 last, 1.32 ar. Reasoning "Safety"

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So there you have all the guesses. Evidently not everyone understood the idea or just didn't want to participate. The next meeting I'd like everyone to have a 17-second "elevator speech" for an idea they have, if they want to participate in the prize. Of course, you don't have to participate.