Jul 20, 2009 - Issue #172
Dems Panic More!
Dems panic more! Market cheers! Not only is Cap and Trade dead, 'Check Off' just joined
them! Obama first said, "No new stimulus!", now says, "Don't count us out!" Could it be
they've heard from their constituents threatening to fire any politician that goes along
with Obama, Pelosi, Reed, et al? You betcha! Is the dreaded Nationalized Government (Socialized Medicine)
Health Care plan next on the 'Obituary List'? Not according to Pelosi, "This is a good
bill, we've received wonderful reaction." In her dreams!
Are we destined to have yet another 'hard left, gun controlling, reverse discrimination,
legislate from the bench, radical' on the Supreme Court? Who knows? Strange things are
happening. Obama's ratings are declining. A recent poll shows, "If the 2012 Presidential
election were to be held now, who would win? Results: Obama 42%, Palin 43%!
CNBC certainly had an abundance of riches to choose from. The feast goes on.
Look at the Dow score card. What a difference a week makes.
Last week, I wrote: Is there any doubt this 'gun controlling', 'Acorn' supporting
'business interfering' administration despises capitalism and embraces socialism? That
makes it tougher to invest. If Obama left the Whitehouse, the Dow would jump 1,000 points
in a day. If the 'progressive' Liberals that support him were out of the picture, the
market would jump 10,000 points! Of that, I have no doubt.
Could it be that the market is betting on the come?
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?
7/21 Tuesday - New Moon (Visible 2 days).
During the next two weeks, the following Dow components report earnings. Keep a sharp eye
out for possible price swings leading up to 'earnings day' (Subject to revision):
7/21 CAT, DD, KO, MRK, UTX, (Transportations) CAL, CHRW, LUV.
7/22 BA, PFE.
7/23 AXP, MMM, MSFT, T. (Transportations) BNI, CNW, GMT, JBLU, R, UNP, UPS.
7/24 (Transportations) ALEX.
7/28 CSCO. Transportations) OSG, NSC.
7/30 DIS, TRV, XOM. (Transportations) YRCW.
Dow score card for the week ending 7/17/09.
DJ-30: 8743.94 +597.42 +7.33%. The Real World (arithmetical) DJ-30: 38.57 +2.64 +7.33%.
UP: 30, Down: 0.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 17 (+15) 57%:
+*AXP, +*BAC, +*CSCO, +*DD, +*DIS, +*GE, +*HD, +*HPQ, +*IBM, +*INTC, JNJ, +*JPM, +*KFT,
+*KO, +*MMM, +*MSFT, PG.
Consolidating (Generally Lower Highs/Higher Lows) 13 (+3) 43%:
+*AA, +*BA, +*CAT, +*CVX, MCD, MRK, PFE, +*T, +*TRV, +*UTX, +*VZ, +*WMT, +*XOM.
Declining (Generally Lower Highs/Lower Lows) 0 (-18) 0%:
+/- 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!