Nov 9, 2009 - Issue #188



Government Power Grab



Government Power Grab:

The biggest government power grab attempt in America's history has just been witnessed by the electorate despite the fact that the American citizen is absolutely against this monstrosity of the 'Obama/Pelosi/Reed Health Care Reform' legislation. Such arrogance must not be permitted to go unpunished.

On its face, it is absolutely unconstitutional.

Dick Morris is right when he says this radical liberal administration and Democrat controlled House & Senate recognize no limitation on government power over its citizens. He is also right when he says that the Democrats will hand their opponents all the ammunition necessary to send them down to defeat and political disgrace.

Bring on the November 2nd, 2010 elections. It will make what happened in Virginia and New Jersey just the beginning of the largest repudiation of an administration and political party in history. It will be larger than what happened in 1994 (if that's possible).

CNBC must be hard put to get a handle on this market. Perhaps I can be of assistance: Get the hell out!

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?

11/16 Monday - 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):

11/12 DIS, WMT.

11/17 HD.

Dow score card for the week ending 11/06/09.

DJ-30: 10023.42 +310.69 +3.20%. The Real World (arithmetical) DJ-30: 44.21 +1.37 +3.20%.

UP: 26, Down: 4.

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

Rising (Generally Higher Highs/Higher Lows) 4 (+3) 13%:

+*AXP, +*MCD, PG, +*TRV.

Consolidating (Generally Lower Highs/Higher Lows) 25 (+6) 83%:

+*AA, +*BA, +*BAC, CAT, CSCO, CVX, DD, DIS, +*GE, +*HD, HPQ, IBM, +*JNJ, +*JPM, KFT, KO, MMM, +*MRK, MSFT, PFE, +*T, UTX, VZ, WMT, XOM.

Declining (Generally Lower Highs/Lower Lows) 1 (-9) 3%:

INTC.

+/- 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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