Jun 6, 2011 - Issue #270
Michele Bachmann said it all: Once again, our nation is on the brink of fiscal collapse, the debt ceiling is
rapidly approaching, the stock market continues to sink and more and more Americans are standing in unemployment
lines. Yet, the White House is trying to masquerade the recent dismal job numbers as just a “bump on the road to
recovery.” This is not a bump, it is a roadblock and we must take action to stop the impending train wreck.
On Tuesday, every House Republican sent a strong message to Obama by voting down legislation to raise the debt
ceiling. The future and prosperity of our nation is at stake yet, after meeting with House Republicans following
the vote, President Obama still did not offer any indication that he plans to cut spending. With nearly one out
of every ten Americans currently out of a job, this is simply not good enough.
It is very clear that President Obama only cares about one job... his own! He is focused on winning reelection
and is putting our nation’s stability at risk while running what will be the most expensive campaign in history.
This much is clear--until we rein in the spending, enact pro-job policies, and defund Obamacare, the American
people will continue to suffer the disastrous consequences of Obama’s presidential trainwreck. We cannot afford
four more years of his failed leadership and socialist policies.
Countdown till 2012 elections: 74 weeks.
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?
6/1 Wednesday - New Moon.
6/15 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):
Dow score card for the week ending 6/3/11.
DJ-30: 12441.58 -70.46 -0.56%. The Real World (arithmetical) DJ-30: 53.52 -1.29 -2.35%.
UP: 0, Down: 30.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 0 (n/c) 0%:
Consolidating (Generally Lower Highs/Higher Lows) 8 (-8) 27%:
HPQ, JNJ, KFT, MCD, PFE, PG, +*TRV, XOM.
Declining (Generally Lower Highs/Lower Lows) 22 (+8) 73%:
-*AA, -*AXP, BA, -*BAC, -*CAT, CSCO, -*CVX, DD, -*DIS, GE, HD, IBM, INTC, JPM, KO, MMM, -*MRK, -*MSFT, -*T, UTX,
+/- 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!