Feb 21, 2011 - Issue #255
Patience is Not a Virtue
Patience is Not a Virtue... it's a Weapon!
CNBC & Fox News treats viewers to the arrogance of Obama, Democrats, and Public Employee Unions.
Who is in charge here: Public employee unions and corrupt Democrat politicians or tax payers?
Each day the phoney 'sick out' Teacher Unions and 'run away' Democrat Senators stay away builds more wrath
among the Voters.
What we are witnessing is the complete destruction of Obama, the public employee unions and the Democrat
political party. Such arrogance must not be permitted to go unpunished. President Regan fired the air traffic
controllers and Wisconsin should fire the union members. The voters will fire the corruptocrats.
Two huge budget battles: The State of Wisconsin and the U.S. Congress (not to mention the unconstitutional
ObamaCare) are being watched by the entire nation. Make no mistake. Wisconsin's battle is our battle. This
will spread throughout the entire nation.
Today we are all citizens of Madison, WI.
Countdown till 2012 elections: 89 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?
2/2 Wednesday - New Moon.
2/18 Friday - 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):
2/22 HD, HPQ, WMT (Bringing the Q42010 DJ-30 earnings season to a close).
Dow score card for the week ending 2/18/11.
DJ-30: 12391.25 +117.99 +0.98%. The Real World (arithmetical) DJ-30: 54.57 +0.51 +0.96%.
UP: 21, Down: 9.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 12 (-2) 40%:
+*BA, CAT, +*CVX, DD, GE, +*HD, +*INTC, JPM, MMM, TRV, VZ, +*XOM.
Consolidating (Generally Lower Highs/Higher Lows) 16 (+2) 53%:
-*AA, -*AXP, BAC, +*CSCO, -*DIS, -*HPQ, IBM, JNJ, KFT, -*KO, -*MCD, MRK, PFE, PG, T, -*UTX.
Declining (Generally Lower Highs/Lower Lows) 2 (n/c) 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!