Aug 9, 2010 - Issue #227
Jobs, Jobs, Jobs, Not!
Jobs, Jobs, Jobs, Not!
CNBC announced even Obama's chief economist is quitting. What's the matter lady? Even you can't believe the crap
you've been spewing out of the Whitehouse? We now know what 'Ph.D' really stands for: Piled Higher and Deeper!
Unless, and until, the highest high of the last three months is taken out, consider all rallys as selling
opportunities and the primary trend is down. Joe Kernen is right: Earnings season is essentially over.
The fact that corps are showing any earnings increases at all is a testament to the vigor of the capitalist
system of the United States. This in spite of the most anti-business/capitalism bias of the Obama-Pelosi-Reid
Administration in our history. We are truely living in an historically critical time. No nation on earth can
bring us down militarily, but we can be brought down internally by our own politicians which is exactly what
they are attempting to do. The Constitution means absolutely nothing to them. The 'Progressive' Democrats must
be thoroughly, absolutely 'crushed' in November if the republic is to survive.
Countdown till November 2nd elections: 86 days.
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?
8/9 Monday - New Moon.
8/24 Tuesday - Full 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):
8/17 HD, WMT.
Dow score card for the week ending 8/6/10.
DJ-30: 10653.56 +187.62 +1.79%. The Real World (arithmetical) DJ-30: 46.77 +0.67 +1.45%.
UP: 24, Down: 6.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 17 (+4) 57%:
AA, BA, CAT, CVX, DD, +*DIS, +*IBM, JPM, +*KFT, KO, +*MCD, +*MMM, PFE, T, UTX, VZ, +*XOM.
Consolidating (Generally Lower Highs/Higher Lows) 11 (-6) 37%:
AXP, BAC, CSCO, -*GE, -*HD, INTC, JNJ, MRK, MSFT, TRV, WMT.
Declining (Generally Lower Highs/Lower Lows) 2 (+2) 7%:
+/- 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!