Mar 23, 2009 - Issue #155
AIG (Arrogance, Incompetance, Greed) is an apt description of Congress.
Obama, Pelosi, Reed, Dodd, Geithner, and the Democrats ratings are dropping like lead
Keep your eye on New York's 20th Congressional District Special Election, March 31st.
For the Republicans: State Assembly Minority Leader James Tedisco.
For the Democrats: Scott Murphy.
Strategists from both parties will view the results of this race as a referendum on
President Obama's handling of the economy. Both parties have made this race a top
CNBC, FNC and all the networks will, no doubt, be focusing attention on this special
In the Dow, AA has shown a huge up spike in volume. That says something. PFE has
pulled back as anticipated. Will MRK follow suit?
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?
3/26 Thursday - New Moon.
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):
Dow score card for the week ending 3/20/09.
DJ-30: 7278.38 +54.40 +0.75%. The Real World (arithmetical) DJ-30: 30.46 +0.23 +0.75%.
UP: 17, Down: 13.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 13 (+10) 43%:
BAC, +*C, +*CAT, +*CVX, +*DD, +*DIS, GM, +*HD, +*IBM, +*MCD, +*T, +*VZ, +*WMT.
Consolidating (Generally Lower Highs/Higher Lows) 17 (-10) 57%:
AA, AXP, BA, GE, HPQ, -*INTC, JNJ, JPM, KFT, KO, MMM, MRK, MSFT, PFE, PG, UTX, XOM.
Declining (Generally Lower Highs/Lower Lows) 0 (n/c) 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!