Dow Jones 13041.85 -280.28 6:01 am PDT, August 29, 2007 NASDAQ 2500.64 +0.00 For info, visit access.smallcapnetwork.com S & P 500 1432.36 +0.00 Change your subscription status here Russell 2000 767.83 +0.00 VOLUME 07 : ISSUE 82 Market Gets Rocked. Now What Do We Do?  Ouch! It never ceases to amaze me just how quickly the tide can turn. Last week was one of the best we've seen in a long time....and much needed. Then on Monday and Tuesday of this week, those gains were basically chopped in half. Don't worry though - now that it's all said and done, I've got some unbiased perspective I feel could help all of us navigate the rest of this week. In fact, I think we're going to need some sort of roadmap to stave of any emotional reaction to whatever happens next.  To make it easy for all of us, I've broken things down into the most common questions we've been getting the last couple of days. Let's just dig in. Question #1. Is today's (Tuesday's) huge pullback a fluke, or is this something I really need to worry about? A. Can the answer to both questions be 'no'? Despite the rationale most of the media will provide for why the market does anything, sometimes stocks do something unexpected for no other reason than just because things were ripe for that to happen. The NASDAQ Composite gained 2.2% last week, and about 2.8% on Thursday and Friday of the prior week. Any 5% move compacted into a 7 trading-day window is a tough act to follow. So, this ugly week (so far) shouldn't be a complete shock....though a 2.2% dip in one day is a tad extreme.  Should we be worried about it? At the risk of sounding coy, we should always be generally worried about it. I personally don't see it as a reason to sound the alarm just yet though. Another day of the same, and then I might be much more motivated to throw in the towel. Needless to say, this mentality makes Wednesday a critical day - the bulls need some help soon.  Question #2. It just seems like things were so bad a little over a month ago, and now they get bad again. How much lower could we go?  A. Though I tend to do it more than a little bit, there's a certain inherent danger in looking at previous chart scenarios and comparing them to the current one. Nothing is ever truly apples to apples. However, I think I can provide some perspective for you. The normal, healthy correction in a bull market is said to be a 10% decline from a peak to a bottom. The S&P 500's peak of 1555 in July and low of 1370 two weeks ago was a span of 11.9%...sufficient to get 'it' all out of its system. The debacle from late February to mid-March of this year was a 6.6% slide, while the index slid a total of 8.0% lower in May of last year. In September of 2005, the SPX fell only 6% before rebounding. So, if the past is any indication, we don't really owe any more than we've already given up.  Question #3. A few weeks ago you were talking about several bullish signs. Are those still valid at this point?  A. Yeah, mostly. The thing about most of them (I looked at the ISE Sentiment Index, the VIX, new NYSE highs and lows) is that most of them aren't laser precise in terms of timing. The VIX and ISE indices did a pretty decent job - great, actually - of telling us the long-tailed bottom from two Thursdays ago was a good entry point, even if we've back-tracked some this week. Both are looking a little less bullish now, but they did their job then. And, we'll use them again in the future.  The new NYSE low thing was a once-per-several-months occurrence, so I didn't expect it to to say which day was the actual pivot. That signal is still very valid, and will be even if the market keeps sinking over the next few days.  To view the latest updated chart of all three, click here. (If the new window doesn't blow it up to full-size, move your mouse cursor over the image and then click the 'enlarge' button that shows up at the bottom right. Some web browsers may show the full-size version automatically though.)  Question #4. I know nobody has a crystal ball and things could go either way, but what are the levels I should be watching at this point? A. Great question. We'll use the S&P 500 as our proxy, but the same theory applies to all the indices. Our ultimate line in the sand is the 50 day moving average. It's at 1491 right now (purple, on our nearby chart), versus the S&P 500's close of 1432 on Tuesday. I think a move about it will mean any lingering vulnerability has been eliminated. As for a floor, I'm drawing mine at 1374. That's where a handful of previous lows as well as some long-term support lines are converging (blue). A move under that level may be a sign of bigger problems to come.  Question #5. Tuesday's consumer confidence news and Fed meeting minutes are responsible for the selloff. What are your thoughts on both? A. We actually blogged our take on both issues, so I'll just refer you back to the blog entries rather than rehash them here. But, to give you a little teaser.....the plunge in the consumer confidence level is more likely to be bullish than bearish, while the official Fed meeting minutes doesn't mean a thing in my book. Click here to go to the blog page.  By the way, though I doubt they want to, I have to believe at this point the Fed is going to do something in September to salvage what's left of the credit/housing market. I don't want to play the prediction game - that's too dangerous. But, they're caught between a rock and a hard place.  Last Word  It's do or die time. Be sure to check the blog today, as I plan on narrating how I see things taking shape.      We Value Your Feedback   Got comments, questions or suggestions? Send 'em on over: Email the Editor If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 4653 Carmel Mtn Rd Suite 308 #402 San Diego, CA 92130 Titan Looking at NASDAQ Listing Frankly, I'm not a bit surprised. Moreover, I think this could pretty much wipe up any lingering credibility issues. What I'm talking about is Titan Global Holdings (OTCBB: TTGL). It's currently a bulletin board stock, but plans on applying to trade as a NASDAQ-listed stock by the end of September.  The end result of such a fortunate move is simple....better visibility, credibility, liquidity, etc. You know - all the things you want from your stocks.  It's not a sealed seal yet, though I don't believe Titan would bother applying if they didn't think they were going to win listing approval.  For the full story, click here.    BioCurex Is (Almost) Making Me A Believer I know I keep coming back to this name, but, it is what it is. And what it is right now - as far as BioCurex (OTCBB: BOCX) is concerned - seems to be pretty good. After establishing a base around 46 cents in late July and early August, we've seen a persistent push....a push big enough to get the stock up to its current level of 62 cents (a 35% move, by the way). The volume behind the gain has been pretty respectable too. And, the last of the main moving average lines I watch, which is the 200 day line in this case, has now been surpassed.  Yet there's no news to support the effort? Well, I suspect there's some news brewing - we just haven't heard it yet. Things like this rarely happen out of nowhere. I feel somebody knows something about something, and at least feels good enough about it to put a few bucks on the table. If that is indeed the case, I think we all at least owe it to ourselves to pay attention....just in case any rumor becomes true.  That being said, I'm not completely behind this chart's potential just yet. BOCX has handed over a couple of fake-outs in recent months, and I'm not going to take the bait earlier than I have to. However, I will point out this is one of the most promising moves I've seen in months.  Aggressive speculators may already be in a position. As for anyone a little more skeptical (which is myself at this point), I think a close above last week's and today's high of 65 cents could really wipe away some of the perceived risk. Either way, I think it's well worth watching.  Click here for the chart. Subscribe Information is power and timely information is profitable. Become informed and profit from Small Cap Network Profiles and Trading Alerts by becoming a Preferred Member today. There is no cost associated with your email subscription. Add your email address below and make sure to check your email inbox and confirm your opt-in request to start receiving the Small Cap Network Email Newsletter on a regular basis. To ensure newsletter delivery, you can add any additional email addresses you may have to the Small Cap Network Member List. Receiving the Small Cap Network Newsletter in multiple locations is the best way of making sure you don't miss the next investing or trading opportunity! For web based email addresses, the Small Cap Network recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery. Subscribe Here Note: Your email address will be kept strictly confidential, and will not be shared with any other entity for any purpose at any time. If you no longer wish to receive the Small Cap Network Newsletter, simply follow the instructions located at the bottom of every Small Cap Network Newsletter Edition. Unsubscribe Here D I S C L A I M E R: The Small Cap Network, its website and email newsletter (hereafter, cumulatively referred to as "SCN") , is an independent electronic publication committed to providing its readers with factual information on select publicly traded companies. SCN is owned and operated by TGR Group, LLC ("TGR"). All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, TGR accepts compensation from third party consultants and/or companies, which it features in the publication and circulation of SCN. To the degrees enumerated herein, SCN should not be regarded as an independent publication.  Click Here or go to http://access.smallcapnetwork.com/compensation_disclosure.html to view our compensation on every company we have ever covered, or visit the following web address: http://access.smallcapnetwork.com/profile_disclosure.html for our full profiles and http://access.smallcapnetwork.com/short_term_alerts.html for Trading Alerts.  TGR Group LLC has been paid a fee of $30,000 cash by Titan General for coverage of the company. In addition, TGR Group LLC has been pledged a fee of 100,000 warrants convertible at $1 into restricted shares by Trilogy Capital for coverage of the company.  In October of 2003, TGR Group LLC was paid a fee of $25,000 and one million newly issued restricted shares by Biocurex for coverage of the Company. Under SEC Rule 144, all one million issued restricted shares have been eligible for sale into the public market since October of 2004. In addition, on March 22, 2005, TGR entered into an extended agreement with Biocurex for a fee of 25,000 newly issued restricted shares and on July 1, 2006 TGR entered into another extended agreement with Biocurex for an additional 100,000 shares of newly issued, restricted stock. From time to time TGR sells shares received as compensation for coverage of client companies. Shares received are sold in the open market. Since the shares are received as compensation for services as previously disclosed, and not for investment purposes, TGR does not view the sale of the shares as contradictory to any opinions delivered in the content. This should be viewed as a conflict of interest by shareholders or prospective shareholders of the client companies.  TGR, its Members and Members' families, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed.  All statements and expressions are the sole opinions of TGR and are subject to change without notice. A profile, description, or other mention of a company within SCN is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.  The profiles, critiques, and other editorial content of SCN may contain statements that appear foward relating to the expected capabilities of the companies mentioned herein.  THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF TGR.  We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm. Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.