Jul 19, 2010 - Issue #224
Financial Reform Not!
Financial Reform Not!:
Last week, the question was raised: How much is politics impacting the market?
CNBC and the market didn't have long to wait for an answer. The Senate passed 'financial reform' sending
the Dow down 280 points! And the Democrats spent the weekend saying they'll hold on to the House and Senate???
Yah, right. And pigs can fly.
No one is giving money to the Corruptocrats anymore. I wonder why? Hmmmm..., could it be because they are
shoving Obama Care down our throats against our wishes? Taking over industry (Socialism)? And now:
(1) No reforms for Freddie Mac or Fannie Mae. Are they kidding me?
(2) This Administration won't defend our borders against illegals but neither will they allow states to do so?
(3) This racist Administration (the product of 'Black Liberation Theology' via Rev. Jeremiah Wright) refuses to prosecute blacks in civil rights cases where the victim is white?
Democrats are going to be fired in November BIG time. Good riddance.
Hint: Republicans (RINO's need not apply) running on Repeal & Impeach will be swept into office.
The Constitution and the Bill of Rights says what it means and means what it says.
Re: The 2nd Amendment: "...the Right of the People to Own and Bear Arms shall not be infringed." What part
of the word 'not' do they not understand?
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?
7/11 Sunday - New Moon (Observe market action Friday & Monday).
7/25 Sunday - Full Moon (Observe market action Friday & Monday).
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):
7/21 KO, UTX.
7/22 AXP, CAT, MMM, MSFT, T, TRV.
7/23 MCD, VZ.
7/30 CVX, MRK.
Dow score card for the week ending 7/16/10.
DJ-30: 10097.90 -100.13 -0.98%. The Real World (arithmetical) DJ-30: 44.48 -0.44 -0.98%.
UP: 10, Down: 20.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 4 (+1) 13%:
+*INTC, +*JPM, +*MCD, PG.
Consolidating (Generally Lower Highs/Higher Lows) 25 (-1) 83%:
AA, AXP, BA, BAC, CAT, CSCO, CVX, DD, DIS, GE, HPQ, IBM, -*JNJ, KFT, KO, MMM, -*MRK, MSFT, PFE, T, TRV, UTX,
+*VZ, WMT, XOM.
Declining (Generally Lower Highs/Lower Lows) 1 (N/C) 3%:
+/- 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!