Dec 13, 2010 - Issue #245



Obamacare Declared Unconstitutional



Obamacare Declared Unconstitutional (Tomorrow's Headline). Obamacare heads for Supreme Court.

CNBC will be all abuzz. The Tax Deal is a 'done deal'. If the Corruptocracts don't pass it, the incoming Republicans will. Retroactively. It's already priced into the market.

Focus, instead, on Obamacare. The Republicans will vote to repeal, Obama will veto, and the battle will be joined. If Obamacare is not successfully repealed by Congress, the Supreme Court will declare it unconstitutional.

Businesses have stated their intentions not to hire new workers as long as Obamacare exists. That's why the Republicans were elected: To repeal Obamacare.

The Republican controlled House will refuse to fund Obamacare, thereby, 'starving the beast'. The Republicans will take control of the Senate in 2012, as well as increase their control of the House, and the American voters will elect a Republican President. Obamacare is doomed.

The market craves an Administration that is business friendly. One that fosters an environment that encourages commerce and trade. The exact opposite of Socialism. The exact opposite of 'redistribution', 'bail outs', 'too big to fail'. In other words, the market can't wait to get rid of Obama, Pelosi, Reid and the 'Progressives'.

Get on with it.

Countdown till 2012 elections: 99 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?

12/5 Sunday - New Moon (Observe Friday & Monday market activity).

12/21 Tuesday - Full 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 12/10/10.

DJ-30: 11410.32 +28.23 +0.25%. The Real World (arithmetical) DJ-30: 50.25 +0.12 +0.25%.

UP: 19, Down: 11.

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

Rising (Generally Higher Highs/Higher Lows) 16 (+9) 53%:

AA, AXP, +*BAC, CAT, +*CVX, +*GE, HD, +*INTC, +*JPM, +*KFT, +*MRK, +*MSFT, +*PFE, +*T, +*VZ, +*XOM.

Consolidating (Generally Lower Highs/Higher Lows) 14 (-8) 47%:

BA, +*CSCO, -*DD, DIS, HPQ, IBM, JNJ, -*KO, MCD, MMM, PG, TRV, -*UTX, WMT.

Declining (Generally Lower Highs/Lower Lows) 0 (-1) 0%:

None.

+/- denotes change of direction.

* denotes change of category.





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