Sep 12, 2011 - Issue #284

Is Dow 10600 About to Break?

Is Dow 10600 about to break?

Ron Ianieri has an interesting take on it.

Trident ABCD algorithm: D=C+B-A

Where (A)= 7/21 High 12751, (B)= 8/9 Low 10604, (C)= 9/1 High 11716

Therefore, estimated target: 9569. That's a good 1000 points below 10600.

CNBC commentators can 'hand hold' the viewers all they want. Does that make the european bank problems go away? Or our own banks, real estate, unemployment disappear? Obama preaches to his choir... Is anybody buying it???

Fox News anchors make a big deal that polls say 14% of Republican voters think Rick Perry is too extreme. Isn't that just another way of saying 86% think he's just fine?

Countdown till 2012 elections: 60 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?

9/12 Monday - Full Moon

9/27 Tuesday - New Moon

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 9/9/11.

DJ-30: 10992.13 -248.13 -2.21%. The Real World (arithmetical) DJ-30: 48.41 -1.10 -2.21%.

UP: 3, Down: 27.

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

Rising (Generally Higher Highs/Higher Lows) 1 (-9) 3%:


Consolidating (Generally Lower Highs/Higher Lows) 22 (+2) 73%:

-*AA, -*AXP, -*BA, BAC, -*CAT, CVX, -*DD, HD, IBM, INTC, JNJ, -*KFT, -*KO, -*MRK, -*MSFT, -*PFE, PG, TRV, UTX, VZ, WMT, XOM.

Declining (Generally Lower Highs/Lower Lows) 7 (+7) 23%:

-*DIS, -*GE, -*HPQ, -*JPM, -*MCD, -*MMM, -*T.

+/- 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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