Sep 8, 2008 - Issue #127
'Hurricane Sarah' hit St. Paul, MN and the impact was felt nationwide. Immediately,
according to CNBC, money flowed in from Wall Street's heavy hitters.
Suddenly, the Republicans have a 'rock star' on their ticket. So powerful is the 'Palin
effect', women instantly identify with her. Her sexy intellectual style of eyeglasses are
off the charts. Hair dressers are inundated. The 'upsweep' is back. Sarah Palin is an
As popular as she is with women, men love her even more. Adults say, 'WOW', teens say,
'MOM'. Rush Limbaugh says, "Babies, guns and Jesus...Hot Damn!"
The Dow components this past week, according to the score card, have turned sharply
lower. Apparently, we're not on bottom yet.
Freddy Mac and Fannie Mae have been taken over by the federal government. Good or bad
for the market? To be determined but it's looking pretty good so far.
During the next two weeks, the following Dow components will report earnings. Keep a
sharp eye for 'surprises'. You might be able to catch a nice swing in the week or two
leading up to 'Earnings Day':
9/18 FDX (Dow Transportations).
Dow score card for the week ending 9/5/08.
DJ-30: 11220.96 -322.59 -2.79%. The Real World (arithmetical) DJ-30: 45.94 -1.32 -2.79%.
UP: 9, Down: 21.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 2 (n/c) 7%:
Consolidating (Generally Lower Highs/Higher Lows) 12 (-14) 40%:
AIG, -*AXP, BAC, C, DD, GM, HPQ, JNJ, JPM, PG, -*T, UTX.
Declining (Generally Lower Highs/Lower Lows) 16 (+14) 53%:
-*AA, -*BA, -*CAT, -*CVX, -*DIS, -*GE, IBM, -*INTC, KO, -*MCD, -*MMM, -*MRK, -*MSFT,
-*PFE, -*VZ, -*XOM.
+/- 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!