Market

EnviroMission Limited (www.enviromission.com.au) produced this 5 minute video on the pilot plant in Spain. It is an older video (2000) but gives a decent understanding of the solar tower concept.

EnviroMission, Ltd. (US Market: EVOMY, Australian Exchange: EVM) is a renewable energy developer of sustainable “green” energy solutions for the energy market. EnviroMission aims to be one of Australia’s leading producers of clean renewable energy. EnviroMission holds the proprietary rights to Solar Tower technology, a large-scale renewable energy technology based on simple fundamentals of physics — hot air rises. Solar Tower technology has the potential to offer competitive renewable energy with equal reliability to fossil fuel generators.

A single 200MW Solar Tower power station will provide enough electricity to power around 400,000 households. The energy output will represent an annual saving of more than 1,960,000 tonnes of greenhouse CO2 gases from entering the environment when compared to brown coal emissions in Victoria. The greenhouse savings equate to the removal of approximately 500,000 cars from the road. The Australian Solar Tower project consists of six distinct phases, the first two of which (project optimization and pre-feasibility commercialization) have already been completed. The third phase (final feasibility), paving the way for the implementation of the next three phases (final design, construction, and commercial operation).

Duration : 0:4:47

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Today I look at some overbought conditions both on the RSI and MACD, and explain the significance in these embedded environments as we hit some extremely strong necktie resistances between two huge trendlines. While the 38.2% are very close, and people expect us to hit it, I believe the first push lower of either a reversal or consolidation might start as soon as early or late monday and will continue for more than one day. In this video I also look at the inverse H&S on the Dow and S&P that broke out and explain what the ramifications may be for a very strong red week. I also look at GS, AAPL, AMZN.

Duration : 0:11:0

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With billions in market share at stake Carquestions continues to test the gas pedal under some extreme conditions in order to prove or disprove the “condensation” and “swollen plastic” explanation that is on file with NHTSA. The results lead to the narrowing of likely possibilities down to just two leaving Toyota in a catch 22 situation. Carquestions makes an appeal to all techs to find evidence of a defective part or a defective system.

Duration : 0:9:18

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Today we step back and look at the last 3 days of trading as they have broken both the ascending wedge formation and the megaphone formation to the downside (both are very bearish patterns).

My guess is that we could have started a shorter-term and potentially a longer term top. I outline the channel that people should be eying and the type of trades that we should be looking at. I also look at our 2 short trades that have been working out nicely

Duration : 0:5:1

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Market Report for November 20th.
Sub-Prime Mortgage Woes….and the topic, Has Gold Peaked?

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Gold-Stocks.com – Gold Mining Stocks and
List of gold stocks, mines, gold companies, watchlist(quotes), charts, news, articles, newsletters and information for Barrick, Goldcorp, Harmony, Normandy, …
www.gold-stocks.com/
Gold Stock Center
Home Page for the World’s Gold Stock Investors.
www.goldstockcenter.com/
Gold stocks start to shine – MSN Money
What is surprising, however, is that gold stocks continue to languish even while the price of gold itself has shot back up to the $680 area. …
articles.moneycentral.msn.com/Investing/StreetPatrol/GoldStocksStartToShine.aspx
Conde Nast Portfolio METALS STOCKS Gold edges higher as dollar falls; copper surges
Gold futures rose for a second straight trading day on Monday as the dollar, which tends to move …
Gold Stock Analyst – Top 10 Gold Stocks – Subscription Newsletter
Gold Stock Analyst is a monthly subscription newsletter with in-depth coverage of gold stocks. A portfolio of Gold Stock Analyst’s Top 10 Stocks has …
www.goldstockanalyst.com/
Gold Stocks on Seeking Alpha
What Makes Golden Star an Explosive Gold Stock for 2008? on Dec 10, 2007 by Toby Hansen about GSS · Northern Peru Copper Corp. …
seekingalpha.com/sector/gold-precious
Gold Stock Investing 101
Once you have established a core position in gold itself, however, you may wish to consider deploying some capital in the wonderful world of gold stocks. …
www.zealllc.com/2002/goldstk101.htm
Be careful when mining for gold stocks – Oct. 30, 2007
Gold has been on a tear that few other investments can boast of, and gold miners have gone along for the ride in recent months.
money.cnn.com/2007/10/29/markets/spotlight_gold/index.htm
GOLD STOCKS AND THE GREAT CRASH OF 1929 REVISITED
H-O-W-E-V-E-R, students of financial history took profitable refuge in gold metal stocks. The Gold Mining Index, composed of ASA, Campbell Red Lake and Dome …
www.gold-eagle.com/editorials/great_crash.html
Kitco – Gold Precious Metals – Buy Gold Sell Gold, Silver …
2008 Fundamental and Technical Review for Gold and Gold stocks – by John Lee, CFA , Dec 20 2007 10:47AM. Only Gold Can Beat the Credit Crunch – by Alex …
www.kitco.com/
Gold Stocks In Australia. Market Codes, Live Quotes, And 52-Week …
Australian Gold stock prices. The major stocks in the Gold index of the Australian Stock exchange.
www.the-privateer.com/goldprod.html
http://www.silverstockreport.com/

Duration : 0:4:10

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Today I look only at the SPY and VIX chart, but I forecast two potential scenarios in the market, that both lead to a higher (lower volume) ending day (0.5-1%) for tuesdays trade. The first is a small gap higher due to the amateurish action that happened in the last 20 minutes of trading and then a sustained low volume increase until the end of the day, potentially forming a doji green candle. The second is a continued sell off lower to hit the 88.20 level in which we will reverse mid day and end the day potentially flat or slightly positive. I hope you take my words of advice that I put out on this video because it is extremely important in order to become a good trader!

Duration : 0:10:20

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Friday’s trading day was a game changer, the last hour rally was not one of just a short squeeze before a weekend but one that showed that we are now trading in a triangle formation and we could potentially break to the upside. I, However, suggest people play the triangle formation before getting all that bullish. The reason i have more inclination to the bullish side is because a triangle formation after a rally is usually looked upon as consolidation and the next move is usually a breakout to the upside, once that happens the market can shoot to the 1030-1040, and that will probably be the end of Primary wave 2, before a new bear market begins.

Duration : 0:4:58

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Today I update my fellow viewers on what the last 2 days of action really mean for this market. The DOJI candle that formed today on incredible low day could be viewed as two things: The first, is that it is a consolidation pattern for the huge move up that we had on Thursday. The second is that it is an indecision reversal candle. i would believe the former only if we get another day of consolidation down on low volume. However, I believe the latter because there are a lot of resistance which points could point to a move lower. We formed a double top area at 922 on the SPX, and this could actually be the top of the right shoulder. As we form the Head and Shoulders formation, other resistances such as the 923 level, descending channel, 20 SMA Daily lie overhead and could provide a strong push lower. Monday’s action could be one of a fakeout, we might get a rally in early trading to hit those resistances and then fall down from there to at least down 1.5%. If we fall down on low volume though, I will look to position myself long. My other advice is to not get too bullish before the 923-924 is broken. And also to take profits at the 880 level if it is reached at any point next week. We could very well break 880 but i think taking some profits off there is important and essential. I look at the SPY, AAPL, GS and VIX

Have a great weekend!

Duration : 0:7:46

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Here is what I think might be happening in the near future!

Duration : 0:5:1

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Today I look at the SPY, GS, VIX, AAPL, AMZN and talk about some other charts as we end the month with a Doji candle and the day down with somewhat stronger volume. The action is still not bearish and is more neutral, wednesday and thursday will be incredibly important.

Duration : 0:8:38

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