Market Report 1908

Dow Average to Tumble to 8,000, Elliott Wave Says
(Bloomberg) -- U.S. stocks could sink by more than 20 percent if the neckline of a head-and-shoulders pattern on the Dow Jones Industrial Average is breached, according to Robert Prechter’s Elliott Wave International Inc.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aIWQ4uhH4NzY
Thursday Look Ahead: Markets Face Jobless Numbers After Day of Rumors
http://www.cnbc.com/id/38761499
Cocoa May Extend Declines to Nine-Month Low: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aZFPkatKn.lo
Singapore Dollar May Gain 1.3% Against Euro: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=arXj3ClY3LEE
Palm Oil Drops to Two-Week Low on Soybean Oil, Reserves Concern
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aY_EAut0pvSM
Rubber Advances to Three-Month High on Supply Worries, Rains
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=amLy4K3X9uWw
Wheat Climbs a Second Day as Price Slump Attracts Investors
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a25z2pxqakXI
Soros Favored Gold, May Have Sold Petrobras
http://www.cnbc.com/id/38730274
There's Still a 'Lot of Opportunity' in Stocks: JPMorgan Strategist
http://www.cnbc.com/id/38737983
Hedge Fund Managers Go Bargain-Hunting in Oil Stocks
http://www.cnbc.com/id/38729393
Busch: Recession 2011?
http://www.cnbc.com/id/38739122
(Bloomberg) -- Asian stocks rose, led by technology and industrial companies, after Applied Materials Inc. forecast higher-than-estimated profit and Brambles Ltd.’s earnings surpassed analyst targets.
MARKET TALK: USD/IDR Steady; 8,960-8,980 Range Tipped.
S&P/ASX 200 Flat Amid Earnings Focus.
KLCI +0.1%; TA Eyes Profit Taking Near 1392.
HSI May Consolidate Further Within 400-Point Range.
STI +0.4%; 2948 Resistance; Penny Stocks Active.
Strong Bids At 1.2770-85 Stall EUR/USD Fall-Dealer.
China Shares May Rise;Shanghai In 2650-2700 Range.
Nikkei +0.6%; BOJ Easing Sentiment Aids Stocks.
Gold $1,231.10; Technical Outlook Bullish-Analysts.
EUR/JPY Drops; Speculators See Offers At 110.00.
Nymex Crude Biased Up N/T; $75.74 Initial Cap.
USD/JPY May Fall In Asia But May Rise Later-Dealer.
Nikkei 9150-9300 Range Eyed; Volume May Stay Low.