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Jul 28, 2008 - Issue #121

Joker!

CNBC couldn't have seen this coming. Quick, send out the 'Bat' signal! Gotham City's under attack! Where will that fiend strike next???

Heads Up:

During the next two weeks, the following Dow components will report earnings. Keep a sharp eye for 'surprises'. You might be able to catch a nice swing in the week or two leading up to 'Earnings Day'.

7/28 - AXP, VZ.

7/29 - OSG (Dow Transportations).

7/30 - DIS.

7/31 - XOM.

8/1 - CVX.

8/5 - GM, PG. EXPD (Transports).

8/6 - AIG.

Dow score card for the week ending 7/25/08.

DJ-30: 11370.69 -125.88 -1.09%. The Real World (arithmetical) DJ-30: 46.55 -0.52 -1.09%.

UP: 14, Down: 16.

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

Rising (Generally Higher Highs/Higher Lows) 8 (+2) 27%:

+*AIG, +*BAC, +*GE, +*HD, JNJ, +*MMM, +*PFE, +*UTX.

Consolidating (Generally Lower Highs/Higher Lows) 19 (-1) 63%:

AA, AXP, BA, -*C, CAT, DD, DIS, GM, HPQ, -*IBM, INTC, -*JPM, +*KO, -*MCD, MSFT, -*PG, VZ, WMT, +*XOM.

Declining (Generally Lower Highs/Lower Lows) 3 (-1) 10%:

CVX, -*MRK, T.

+/- denotes change of direction.

* denotes change of category.