Mar 7, 2011 - Issue #257

Help Wanted: A New President

CNBC & Fox News: Guest economists argue incompetent Obama administration and Senate Democrats hinder recovery efforts.

Favorable February jobs report explodes market upside then promptly collapses. New moon appears. Puts expensive.

Obama, Corruptocrats and Unions vs. Tax Payers: Expect two-week funding resolutions or government shut-downs, in return for spending cuts, right up to the 2012 elections. Voters witness 'tax and spend' democrats throw temper tantrums. Elections have consequences. Get the hell out of the way.

Free speech victory: Go Patriot Riders!

Countdown till 2012 elections: 87 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?

3/4 Friday - New Moon (Observe market performance Friday and Monday).

3/19 Saturday - Full Moon (Observe market performance Friday and 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):

None.

Dow score card for the week ending 3/4/11.

DJ-30: 12169.88 +39.43 0.33%. The Real World (arithmetical) DJ-30: 53.60 +0.17 +0.32%.

UP: 13, Down: 17.

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

Rising (Generally Higher Highs/Higher Lows) 8 (+5) 27%:

CVX, +*DIS, +*JNJ, +*KO, +*MCD, +*MRK, +*PFE, +*VZ.

Consolidating (Generally Lower Highs/Higher Lows) 17 (N/C) 57%:

+*AA, +*AXP, BAC, CAT, +*CSCO, DD, +*GE, HD, IBM, +*INTC, JPM, -*KFT, MMM, T, TRV, +*WMT, -*XOM.

Declining (Generally Lower Highs/Lower Lows) 5 (-5) 17%:

-*BA, HPQ, MSFT, -*PG, -*UTX.

+/- denotes change of direction.

* denotes change of category.