Mar 30, 2009 - Issue #156
Special Election, Tuesday, 3/31, New York's 20th Congressional District. Extremely
important. Will the Republicans take back the seat in this Republican stronghold?
Both sides view this as a referendum on President Obama and the Democrats handling of
CNBC, apparently, didn't get the memo. This could be the opening salvo in the Republicans
attempt to take back control of the House and 1/3 of the Senate. Nothing much at stake.
Only if the U.S. is to be transformed from capitalism to socialism with extreme tax and
spend liberals in charge. Is it too late? Do we really want to go down that road? Are the
voters really comfortable with the concept of 'too big to fail'? Privatise profits,
socialize losses? How much taxpayer money is too much? How much deficit is too big? How
much power do we want our elected represenatives to have over us? The choice is ours.
Marketwise, the question du jour: Has the market reached another turning point? Too early
to tell. However, note that the high so far, Thursday 3/26, occured on a 'New Moon'.
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?
4/9 Thursday - Full Moon.
4/24 Friday - New Moon.
During the next two weeks, the following Dow components report earnings. Keep a sharp eye
out for possible price swings leading up to 'earnings day' (Subject to revision):
4/8 KO, (Transportations) AMR.
4/9 CVX, PFE, UTX, (Transportations) CAL, LSTR.
Dow score card for the week ending 3/27/09.
DJ-30: 7776.18 +497.80 +6.84%. The Real World (arithmetical) DJ-30: 32.54 +2.08 +6.84%.
UP: 29, Down: 0, N/C: 1.
Trends (weekly charts): This is the subjective part.
Rising (Generally Higher Highs/Higher Lows) 26 (+13) 87%:
+*AA, +*AXP, +*BA, CAT, CVX, DD, DIS, GM, HD, +*HPQ, IBM, +*INTC, +*JNJ, +*JPM, +*KFT,
+*KO, MCD, +*MMM, +*MRK, +*MSFT, +*PG, T, +*UTX, VZ, WMT, +*XOM.
Consolidating (Generally Lower Highs/Higher Lows) 4 (-13) 13%:
-*BAC, -*C, GE, PFE.
Declining (Generally Lower Highs/Lower Lows) 0 (n/c) 0%:
+/- 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!