Mar 28, 2011 - Issue #260

Higher Low Bottom?

Higher Low Bottom at 11,555.48 of 3/16 looks suspiciously like a 'pivot point' low. If so, the already established 'higher high' of 2/18 defines the latest important trading range. Will it resolve up or down?

CNBC and Fox News contributors will, undoubtedly, focus thereon. Many DJ-30 components have similar looking weekly charts.

The most recent 'ABCD' estimated target came up -52.90 points short. If the 'suspicious looking' low is for real, then the next upward target would be 13017.49 (+1462.01) if it resolves upward. Otherwise, buy Puts and 'buckle up'.

There's enough socio-economic-political factors present to guarantee sleepless nights for some time to come.

Countdown till 2012 elections: 84 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):


Dow score card for the week ending 3/25/11.

DJ-30: 12220.59 +362.07 +3.05%. The Real World (arithmetical) DJ-30: 53.82 +1.59 +3.05%.

UP: 29, Down: 1.

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

Rising (Generally Higher Highs/Higher Lows) 8 (+7) 27%:

+*AA, +*AXP, +*BA, +*CAT, +*CVX, PFE, +*T, +*VZ.

Consolidating (Generally Lower Highs/Higher Lows) 21 (+16) 70%:

+*CSCO, DD, +*DIS, +*GE, +*HD, +*HPQ, +*IBM, +*INTC, +*JNJ, JPM, +*KFT, +*KO, +*MCD, +*MMM, +*MRK, +*MSFT, +*PG, +*TRV, +*UTX, +*WMT, +*XOM.

Declining (Generally Lower Highs/Lower Lows) 1 (-23) 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!

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