May 16, 2011 - Issue #267

Market Topping?

Market topping?

CNBC & Fox News always have guest analysts present opposing market views so viewers, understandably, remain confused and nobody wants to be the messenger of 'bearish' news. However, can anyone truthfully say, 'Buy this market'?

Never easy, but the political situation complicates. That's why MarketClub's 'Triangle Technology' algorithms make the decisions so much easier. Add to that the knowledge imparted by Ron Ianieri on the proper use of Options to control risk and generate profits and you have a fighting chance. You might even learn to love volatility. Professionals do.

For what it's worth: The markets look scary. The 'Bernake' is forcing people to take on risk because they can't find satisfactory risk-free returns. Never a good idea. Notice how viciously markets can turn?

Countdown till 2012 elections: 77 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?

5/3 Tuesday - New Moon.

5/17 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):

5/17 HD, WMT.

5/18 HPQ.

Dow score card for the week ending 5/13/11.

DJ-30: 12595.75 -42.99 -0.34%. The Real World (arithmetical) DJ-30: 55.48 -0.19 -0.34%.

UP: 13, Down: 17.

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

Rising (Generally Higher Highs/Higher Lows) 7 (-2) 23%:


Consolidating (Generally Lower Highs/Higher Lows) 18 (N/C) 60%:


Declining (Generally Lower Highs/Lower Lows) 5 (+2) 17%:

-*BAC, CVX, -*DD, -*JPM, 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!

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