Nov 23, 2009 - Issue #190



Rolling Over



Rolling over.

Almost every chart shows the market in the process of rolling over. Note, especially, the curve of the 200ma (the one referred to by many technical analysts as 'God').

Many 'swing' charts are showing the classic 'higher high, higher low, lower high' pattern. Study, after study, are displaying similar conclusions.

CNBC guest analysts are debating, 'Are we going to experience a "double dip" economic downturn?'

Politics is having a profound effect on the markets. Democrats are in panic as voters are screaming against government take over of healthcare, describing Obama as, "beyond radio active". Obama says he may not run for re-election!

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?

12/2 Wednesday - Full Moon.

12/16 Wednesday - New Moon.

12/31 Thursday - Full Moon (Blue 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):

11/23 HPQ.

Dow score card for the week ending 11/20/09.

DJ-30: 10318.16 +47.65 +0.46%. The Real World (arithmetical) DJ-30: 45.51 +0.21 +0.46%.

UP: 15, Down: 15.

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

Rising (Generally Higher Highs/Higher Lows) 14 (n/c) 47%:

AXP, +*BA, +*DD, HPQ, +*JNJ, +*KFT, KO, MCD, +*MRK, +*PFE, PG, VZ, WMT, +*XOM.

Consolidating (Generally Lower Highs/Higher Lows) 16 (n/c) 53%:

AA, BAC, CAT, CSCO, -*CVX, -*DIS, GE, -*HD, -*IBM, INTC, JPM, MMM, -*MSFT, T, -*TRV, -*UTX.

Declining (Generally Lower Highs/Lower Lows) 0 (n/c) 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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