Sep 19, 2011 - Issue #285



Continuation Pattern?



Continuation pattern? Flag formation?.

CNBC has too many analysts calling for a decline. That worries me when they agree with me. I'm a contrarian by nature. Never the less, the weekly charts do not look bullish to me.

Are Europe's problems solved? Are our problems solved? Does anything have a chance to be resolved favorably before the 2012 elections? Regime change is the only answer.

Countdown till 2012 elections: 59 weeks.

Heads Up

W. D. Gann, a keen market observer, although not an astronomer, nevertheless, was fascinated by the apparent coincidence of important market 'pivot points' and astronomical dates. Theories exist for estimating time and price of important market turning points but astronomical occurrences are computed with mathematical certainty.

There is no logical reason why these occurrences should coincide yet, empirically, they have.

The 'Full Moon' and 'New Moon', among others, have been cited. Therefore, one might be well advised to be aware of their occurrence. Note: The first 5 business days of 2008 concluded on a 'New Moon' and we all know how that worked out. Coincidence?

9/12 Monday - Full Moon

9/27 Tuesday - New Moon

During the next two weeks, the following DJ-30 components report earnings. Keep a sharp eye out for possible price swings leading up to 'earnings day' (Subject to revision):

None.

Dow score card for the week ending 9/16/11.

DJ-30: 11509.09 +516.96 +4.70%. The Real World (arithmetical) DJ-30: 50.69 +2.28 +4.70%.

UP: 29, Down: 1.

Trends (weekly charts): This is the subjective part.

Rising (Generally Higher Highs/Higher Lows) 7 (+6) 23%:

CSCO, +*HD, +*INTC, +*MSFT, +*PG, +*UTX, +*VZ.

Consolidating (Generally Lower Highs/Higher Lows) 23 (+1) 77%:

AA, AXP, BA, BAC, CAT, CVX, DD, +*DIS, +*GE, +*HPQ, IBM, JNJ, +*JPM, KFT, KO, +*MCD, +*MMM, MRK, PFE, +*T, TRV, WMT, XOM.

Declining (Generally Lower Highs/Lower Lows) 0 (-7) 0%:

None.

+/- denotes change of direction.

* denotes change of category.





Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!

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