Halloween evils

Want something scarier than your average costume this Halloween? Then how about an “evil” Hank Paulson or Ben Bernanke mask? (Suitcases of money not included).

The Fed chief appeared to leave the door open to additional "carnage".It's still dark inside so the room for stimulation is not there yet.

Federal Open Market Committee meeting, singing a song of his own individual professional conflict between values and popularity:
***There are worse things I could do

***Than lower an interest rate or two ...
Tracking the Dow on Wednesday,29/10/08.

(2 Days to Halloween)
9:30am:--80.0 points gap-down.

Cautious ahead of the FOMC announcement at 2:15 PM ET.

10:30am:--The top.

September durable goods orders rose 0.8%, better than the expected decline of 1.1%.

11:30am:--Bearish engulfing.

The Department of Energy just reported that crude oil inventory levels for the week ended rose 493,000 barrels, which was smaller than the expected increase of 1.6 million.Crude prices were up 6.4% to $66.70 per barrel just prior to the release.

12:30pm:--Shooting stars sideway movement near top.

General Motors (GM 6.53, +0.28) may ask for help in turning around its business from Toyota Motor (TM 72.33, +1.35), Dow Jones reports, citing a Kyodo News report. Toyota may buy assets, help secure funding and/or expand business partnerships, according to the report. Earlier today GM said sales in the third quarter fell 11.4% year-over-year.

1:30pm:--Another shooting star.

Stocks trade near session highs with the FOMC set to make its policy announcement in about 15 minutes. A 50 basis point cut to 1.50% is widely expected.

2:30pm:--Helicopter Ben completed his nagging.

A 50 basis point fed funds rate cut.The FOMC said the pace of economic activity appears to have slowed "markedly," noting a decline in consumer spending. Meanwhile, business equipment spending and industrial production have weakened in recent months, and slowing foreign economies may hurt U.S. exports. The Fed also believes the financial market turmoil will pressure spending.

3:30pm:--Spike up to day's high with multiple hammers.

As is typically the case, the stock market trades in a volatile fashion following the FOMC policy announcement after traders have digested the news.Now they are vomitting it out.

4:00pm:--Bearish haramis.

Late-session surge made in the final hour following an FOMC rate cut was reversed in the final minutes of trade after headlines hit the wires that raised concerns regarding General Electric's (GE 19.20, -0.29) revenue in 2009.
The Halloween shooting star looks dangerous as it did not really penetrate the MAV line.

The Dow Futures this Thursday morning is 200 points up which might be baiting the Asian market.

These two evil carnival are trying to suck blood again.

Halloween day treats.

The stock market might be enough to scare some as the Halloween season approaches.
The witching season is upon us, and things are getting pretty creepy.

What will the balded pumpkin Bernanke give as treats on the 31st? A big interest rates cut and followed by a big bang!!He's putting on the Joker costume as the card is in his hand.He'll yell Gin to complete the game of ginnami.
Tracking the Dow on Friday,24/10/08.(6 more MISERABLE DAYS TO HALLOWEEN)
9:30am:--200 points bearish gap-down.

Wall Street joined stock markets around the world in a huge selloff Friday

10:30am:--Bullish engulfing.

OPEC slashes production; crude still tumbles.Light, sweet crude for December delivery fell $3.69 to settle at $64.15 a barrel.

11:30am:--Shooting Stars.

Chrysler to cut 25 percent of salaried work force

12:30am:-Inverted hammer technical rebound.

UK economy officially on the brink of recession so is the US.

1:30pm:--Bearish 3 crows.

Fears are growing that the world could suffer a serious, widespread recession, and large investors -- particularly hedge funds -- are responding to the turmoil by deleveraging, or trying to pay off their debts. Deleveraging involves selling stocks and other assets, and in turn, causing them to plunge in value.

2:30pm:--Bullish harami.

3:30pm:--Bearish harami & hammer.

4:00pm:--A breakaway 4 legged frog.

It's going to dive down deep into the water.
Gone case.It's below the Bearish Pivot waiting to be poisoned to death by the halloween witch and another bloodbath for Count Dracula to suck the blood

Scary & Halloween October.

October is a month of surprises. The stock market plunge was an early October shocker, and the month isn't half over. At month's end, all ages enjoy the unexpected tricks and treats of Halloween.
The Halloween Indicator, 'Sell in May and Go Away': Another Puzzle
About:-HALLOWEEN INDICATOR
Damm-it!!We're all being caught by the higher financial authorities who has pre-planned this FINANCIAL TSUNAMI of the century.

Tracking the Dow On Thursday 23/10/08.(*8 DAYS TO HALLOWEEN DAY)
9:30am:--Mild Gap Up.

Investors managed to put together an early morning advance, despite the fact stock futures suggested a downward start in premarket trading.

10:30am:--Spinning bottom.

Energy (+2.6%) continues to lead the major indices.

11:30am:--Bullish hammer.

Goldman Sachs (GS 107.58, -7.13) will be cutting 10% of its workforce and Dow Jones indicated that General Motors (GM 6.21, +0.02) will be making layoffs of salaried employees.

12:30am:--Hangman.

Investors remain fretful over the health of the economy and, in turn, company prospects

1:30pm:--Shooting star.

Losses have become the most severe in the financial sector (-3.1%). Every one of its industry groups is trading with a loss.

2:30pm:--Hangman.

Trading session is getting more erratic.

3:30pm:--Graveyard doji.

The Dow looked as if it were going to stage a late-session rally as it is trying to pierce through the MAV.

4:00pm:--Shooting stars & Hangman.

Caution,the long white bar that carries it up might be covered back.

Thursday's attempt to recover was weak and ended with a long lower shadow which risk being covered back again.

They are trying to prolong it till end of the month being the grizzly Bearish Halloween Blood sucking day.

Preferential treatment.

The credit markets, which Goldman uses to fund its business, were frozen. And Treasury Secretary Henry Paulson, Blankfein's predecessor as chief executive officer of Goldman, was begging Congress for $700 billion to save the financial system. Goldman's stock had plunged as much as 26 percent in one day.
Blankfein told his lieutenants the firm would become a bank holding company, ending its run as the jewel of global investment banks.
Goldman Sachs, a company founded in 1869 by a former street peddler that had weathered many crises. It survived what may have been the most serious threat in September, only to be thrust into a new landscape where Goldman will have to prove that old virtues--a vast alumni network, a fierce partnership culture, high levels of compensation and trading acumen--are still of value.
The contingency planning to become a commercial bank had been under way since March, after the collapse of Bear Stearns Cos. sent shivers through Wall Street. That's when Federal Reserve inspectors set up camp at the firm's 85 Broad St. headquarters, a sign of things to come.
The firm earned $11.6 billion and its three top executives -- Blankfein and Co-presidents Gary Cohn and Jon Winkelried -- earned a total of $203 million.
Goldman's record profits last year were fueled by trading and multibillion-dollar investments that leveraged the company's total assets to shareholder equity more than 25 to 1. The firm seemed to make all the right bets: Mortgage securities traders wagered against the U.S. subprime market, bankers booked hundreds of millions from private equity stakes in energy companies and in China and prime brokerage revenue soared 25 percent as former Goldman employees directed business to their alma mater.
Tracking the Dow on Wednesday,21/10/08.
Theme play:-Corporate Earnings Worry.

9:30am:--Hefty 100.00 points gap-down.

A barrage of earnings reports hit the wires

10:30am:--2 bearish crows.

Crude oil prices are down 4.0% to $69.26 per barrel ahead of the government's weekly energy inventory report at 10:35 ET

11:30am:--Bearish engulfing.

Just hitting the wires, crude stockpiles for the week ended Oct. 17 rose 3.2 million barrels, which was larger than the expected increase of 2.7 million barrels.

12:30am:--Shooting star.

Stocks trade with steep losses.Global economic fears and cautious corporate earnings outlooks weigh on sentiment.

1:30pm:--Bearish hammer.

McDonald's (MCD 55.63, +0.50) is the only Dow component trading higher.

2:30pm:--Double shooting stars.The sky is the limit.

Yahoo! (YHOO 12.39, +0.32) reported a profit drop that met estimates, and said it plans to lay off 10%, or 1,500, of its workforce.

3:30pm:--The kamikaze.(Japanese suicidal bombers in the Battle of Mid-Week)

All ten of the economic sectors posted a loss, ranging from -10.4% (energy) and -3.8% (consumer staples)

4:00pm:--Bullish spin.

Looks like it's going to light up the candle.

TheThursday candlestick is totally wipe off.

This is a 2nd bottom of the week.

It's an overdone fear of no basis.

The jokers are in the hand of the bankers,so let's see how they cover back their position by pumping positive news again.

The record losses.

Citic Pacific Ltd., which predicted HK$15.5 billion ($2 billion) of currency losses, faces a formal investigation from the Hong Kong Securities and Futures Commission.
Hedge funds worldwide posted record monthly losses in September, according to Eurekahedge Pte., as short sale bans and client redemptions amid the credit crisis hurt funds including Citadel Investment Group Inc.
The volatility has been difficult even for seasoned veterans to manage; one day the markets plunge on apocalyptic fundamentals, and the next day they surge.
My losses to date is USD40,000 having to vomit out my past profits due to the venomous serpents stinging me with their fangs.
Tracking the Dow on Tuesday 21/10/08


9:30am:--Hefty 150.0 points bearish gap-down.
A very busy day of third quarter earnings reports. France plans to purchase roughly $14 billion in debt from six of its largest banks.
10:30am:--A Mass Graveyard.
The Federal Reserve announced a new facility to improve liquidity for U.S. money markets investors, citing that money market mutual funds and other investors have had difficulty selling assets to satisfy redemption requests and meet portfolio rebalancing needs.
11:30am:--Bearish body shooting star.
Semiconductor giant Texas Instruments (TXN 16.39, -1.59) posted a larger-than-expected 17% decline in earnings per share.
12:30am:--Session low with 4 ascending soldiers.
Stocks recovery attempt ends as selling pressure sends the major indices back down in the middle of this session's range.
1:30pm:--Inverted bullish hammer.
The White House said it is not proposing a second stimulus package, but is open to ideas, Reuters reports. Yesterday, Fed Chairman Bernanke said it would be appropriate for Congress to consider a second stimulus considering that the U.S. is likely to face slow growth in the coming quarters.
2:30pm:--Bulls spike to opening day high but with hangman warning.
Commodities are under selling pressure due to global growth concerns and a stronger dollar (+1.2%). Crude oil prices are down 5.4% to $70.24 per barrel and commodities as a whole are down 1.8%.
3:30pm:--Bears nosedive.
With regard to the government's latest effort, the Fed will buy commercial paper -- which is short-term corporate debt that many businesses rely on -- from money market mutual funds. The Fed said it created the facility because money market mutual funds and other investors have had difficulty selling assets to satisfy redemption requests and meet portfolio rebalancing needs. The Fed had already announced plans to buy commercial paper directly from companies.
4:00pm:--Hammering a downtrend.
Bears sitting tightly fighting the bullish recovery.

The sideway consolidation is preparing for an onslaught towrds the breakout of the October month MAV.Look forward the mid-week pivotal action,the Battle of Mid-Way.

Prosecute the manipulators.

An article from bloomberg news says U.S. regulators are investigating whether investors manipulated end-of-day stock prices to avoid being forced by their brokers to sell holdings.
These gaps, which caused the Dow Jones Industrial Average to swing as much as 104 points this month in the final minute of trading, suggest investment firms faced with client redemptions and plunging markets may be gaming the closing-auction system. The discrepancies spurred the Financial Industry Regulatory Authority, which oversees 5,000 brokerages, to look for evidence that investors are improperly swaying prices. The final minute of stock trading is the busiest at U.S. exchanges after the open. The NYSE and Nasdaq Stock Market hold special auctions that intensify 20 minutes before the 4 p.m. close to collect orders and smooth out price changes. Nasdaq tells brokers as frequently as every 5 seconds whether there are more buyers than sellers and broadcasts a likely range for the closing price. At the NYSE, traders known as specialists manage the process.
Brokers are barred from canceling orders as the auction approaches. Still, traders could send small buy orders leading up to the close to prop up the price, only to place a larger sell order in the final trade.
``If you push the price up by buying 100 shares to sell 10,000, the people who get hurt are the ones who buy at an inflated price,'' said John Coffee, a securities law professor at Columbia University in New York.
``If markets are declining, people are going to try to mark up the close,'' said Thomas Gira, executive vice president for market regulation at Finra in Washington. ``We want to make sure that closing prices are not artificial prices.''
Closing prices are often used as benchmarks to value the collateral a client has set aside to guarantee a loan to invest in stock. They also influence the settlement of options and futures contracts, executive pay and the price of takeovers. Funds that track benchmark stock indexes typically rely on the exchange's closing auctions to complete trades.
Hedge funds are liquidating to meet redemptions and some stocks are being sold on a distressed basis to meet margin calls.
Tracking the Dow on Monday.20/10/08.

9:30am:--Bullish open from overnight level.
Instant gap-up being filled.There were additional moves to shore up the financial system by overseas countries.
10:30am:--Double Hammer.(Ben & Paul)
Fed Chairman Bernanke is scheduled to testify before the House Budget Committee on the economic outlook and financial markets at 10:00 AM ET. Treasury Secretary Paulson will talk about the government's plan to buy bank capital at 11:30 AM ET.

11:30am:--Double Bottom.
Government's capital purchase program, Paulson said all eligible banks are encouraged to apply by the Nov. 14 deadline. The equity stakes that the government purchases will be Tier 1 capital for the banks.
12:30pm:--Sideway index hoovering near high.
Fed Chairman Bernanke indicating his support of a second fiscal stimulus.
1:30pm:--Bulls & bears fighting at the peak.
Meanwhile, crude oil prices bounce to session highs, now up 4.2% to $74.97 per barrel.
2:30pm:--Pullback with a bullish harami.
Stocks trade modestly below session highs in mostly broad-based strength.
3:30pm:--The doji captain spinning at high.
September leading indicators rose 0.3%, although August's decline of 0.5% was widened to 0.9%.
4:00pm:--Unshaven ascending bulls.
Late buying to jeck up price for profit taking.

Thursday is a sign of hammering out a bottom.Friday's volatility was held strongly within the upper bears county.The bullish harami is a sign of recovery completing the last day of parade of the October 18,1997 black Monday crash.
A cleverly manipulated market by Paulson and his cronies.
Robbing Peter to pay Paul.
You'll be surprise Goldman Sachs,Paulson's former company as CEO,was left unscathed in this financial collapse but not Bear Stearns,lehman Bros etc.Sooner he's going to use this platform to monopolise and dictate the terms for the financial industry.He preached one thing and practise another.A cunning fox.

Paulson admit mistake.

The US Treasury Secretary,Henry Paulson expressed regret today for the many errors made that led to the biggest financial crisis in seven decades, but he insisted the administration is pursuing the correct course now to end the debacle.
"We're not proud of all the mistakes that were made by many different people, different parties, failures of our regulatory system, failures of our regulatory system, failures of market discipline that got us here," Paulson said in an interview on Fox Business Network.
This is not an excusable act as this former CEO of Goldman Sachs must have given the tips to his cronies to short the market while on the other hand misleading the world financial markets on all the pre-emptive measures that were already taking place as at the start in August last year.
He got the chick to say that he had "no regrets" about the steps the government is taking now to address the problem.
He might as well use the $700 billion program to shore up cronies giant hedge funds, largely unregulated pools of investments, or insurance companies.
This man has brought disaster to the world financial market even to the American baby-boomers whose source of retirement pension funds have also dwindled.
Tracking the Dow on Thursday,16/10/08 (One more day to Expiry Index)


9:30am:--A mild open near overnight.
Merrill Lynch (MER) posted a loss of $5.56 per share in the third quarter. The firm incurred $5.7 billion in net write-downs. Citigroup (C) reported a loss of $0.60 per share. Revenue was down a sharp 23% year-over-year and the bank was hit with $4.4 billion in pretax write-downs. The Swiss government and central bank will inject the equivalent of $5.3 billion of capital into UBS (UBS) and assume $60 billion of risky assets from the financial giant, according to The Wall Street Journal.
10:30am:--Bearish hammer follow through.
September Consumer Price Index (CPI) was flat, which is better than the 0.1% increase that economists were expecting.
11:30am:--Session low with ascending soldiers.
The Philadelphia Fed Survey, an assessment of regional manufacturing conditions, came in with a reading of -37.5 for October. It was expected to come in at a reading of -10. The prior reading was a positve 3.8.
12:30am:--Bearish engulfing.
The Volatility Index, or VIX, which is often referred to as the Fear Index, is currently at 79; it has never been higher.
1:30pm:--Bears resting at session MAV.
The weakness in the broader financial system and, in turn, the markets has hedge funds facing continued pressure and redemption calls.
2:30pm:--A 2nd MAV call for bulls.
Filings for jobless benefits declined 16,000 to 461,000, which was below the consensus 470,000 claims.
3:30pm:--Positive territory session high.
A liitle jolted by the Industrial production for September which decreased 2.8%, which is worse than the 0.8% downturn that was anticipated.The core rate for CPI dropped to 0.1% in September and will probably stay at that level, or even drop to zero for the next few months.
4:00pm:--The shooting stars,the hammer,the graveyard doji.
A confusing and mixed closing.We are still in the bear county.

The 3rd Friday,tomorrow being the Dow Index expiry will see another round of short-covering with high volatility again.
The best for the market is to head towards the MAV so there'll be relief for the financial markets.

The official crash.

The economy faced a "significant threat" from paralyzed credit markets.
Dismal monthly U.S. retail sales set the tone for the session, dropping the most in more than three years, its worst day since the 1987 stock market crash.

Tracking the Dow on Wednesday,15/10/08.
9:30am:--A 200.00 crash gap-down.

September retail sales fell 1.2% month-over-month (consensus -0.7%), marking the third consecutive decline as consumers curtail spending in the face of economic headwinds.

10:30am:--Shooting star at session low.

The Producer Price Index, an inflation reading, fell 0.4% in September, helped by easing commodity prices.

11:30am:--Breakway Hangman.

Crude oil futures are down 4.0% to $75.50 per barrel, gasoline futures are down 4.5% to $1.79 per gallon and natural gas prices are down 2.9%.

12:30am:--Graveyard Doji.

A recovery attempt is met with selling pressure, sending the major indices to session lows.

1:30pm:--The Black crows.

Stocks extend their declines as Fed Chairman Bernanke speaks at the Economic Club of New York.

2:30pm:--Graveyard doji,

The Beige Book said that economic activity slowed in September, and credit tightened throughout the country. Residential real estate remains weak and commercial real estate is slowing in many districts.

3:30pm:--Bearish engulfing at session low.

Market breadth is bearish.

4:00pm:--Breakaway bearish hammer.

Wednesday's Dow is resting on the critical Bear Pivot.It's now in the intensive care unit,a matter of life and death.

Christopher Columbus Day Parade.

Wall Street roars with the biggest single-day stock rally since the Great Depression on Monday, spiking the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage.
It's the day of the rise of Christ-topher Columbus roaring through the high and stormy seas finally accomplishing its plan of conquering the hot & spicy trade of the Oriental giants.
Buyers returned to the stock market with gusto, with some saying stocks had been driven down to fire-sale prices.
The radar screen is completely green across the board and there are greener pastures of arable lands ahead.
Monday was the Columbus Day holiday, and the U.S. bond markets and banks were closed, making it difficult to gauge the reaction of the credit markets to the measures taken by world governments.
Tracking the Dow on Monday,13/10/08 (CHRISTOPHER COLUMBUS DAY)

9:30am--300.0 points Gap-Up.Bulls.
Stocks futures and overseas markets rally as global governments work to ease the credit crisis.
10:30am:--Bullish inverted hammer spin.
Morgan Stanley (MS) and Mitsubishi Financial confirmed the closing of a $9 billion, or 21%, investment in MS. Abbott Laboratories (ABT) announced a $5 billion share repurchase program.
11:30am:--Bulls holding at session high.
Of note, General Electric (GE 21.02, -0.50) -- the second largest U.S. company by market capitalization behind Exxon Mobil (XOM 65.51, +3.15) -- has failed to participate in this session's rally.
12:30am:--New High session.
JPMorgan Chase (JPM 40.88, -0.76) and General Electric (GE 21.21, -0.29) are the only two companies listed in the Dow Jones Industrial Average failing to participate in the session's rally.
1:30pm:--Cautious bulls at trading high.
By percent gain, the best performing S&P 500 stocks are Morgan Stanley (MS 16.82, +7.14), up 73%, Genworth Financial (GNW 5.47, +1.97), up 56%, and Prudential Financial (PRU 47.77, +11.64), up 32%.
2:30pm:--Profit taking.
Tomorrow, some of the market's attention will turn to earnings, with Johnson & Johnson (JNJ 61.61, +5.76) and PepsiCo (PEP 60.81, +3.01) scheduled to report before the open.
3:30pm:--Bullish harami.
The major indices surge higher in broad-based buying interest. The ten sector's gains range from 5.8% (industrials) and 11.9% (telecom).
4:00pm:--Bulls spike.

Christopher Columbus-the sea viking has set sail on her Santa Maria to explore her trade opportunities around the globe this time injecting more liquidity in the cash-strap financial instituitions.

Dow Jones Doomed.

It's the ugliest and most deadly market ever seen.Previous historical crashes are just mild and well contained.Investors are creating their own panic button and instill more wounds to themselves.Frustrated and worn out in this agonizing moment of time of doom and gloom,investors might as well stay put with their current position and practise a little bit of yoga to secure a bit of cosmic control over their senses.
I'm also being hit by my index futures trading and my positions are way out-of-the money by nearly 80.0 points.Try to be optimistic as the market after these two weeks of non-stop turmoil will reverse it's trend after Columbus Day before the Dow Index expiry.A lot of short-coverings will take place and later stabilised again.It's always a general trend.Cutting losses is not my option as if you have the funds try opening another position a day before the pivot day of the month that is the 15th.
America in just weeks to come is undergoing the changing of guards.The Federal Reserve & the Treasury Secretary are all need to be sacked as their previous promises of early warning system are just a fantasy.They keep on denying the US is in recession.In this time of vacuum till the the new President take office,seems that their deliberate acts are just to ink their names in the history book.Why choosing the October Crash Anniversary to release all these hidden secrets?
Tracking the Dow on Friday,10/10/08

9:30am:--A 100.0 points gap down with futher 500.0 points slide.
European & Asia-Pacific fear contagion spill-over.
The August trade deficit narrowed to $59.1 billion from $61.2 billion, compared to the expected deficit of $59.0 billion.
10:30am:--Hangman hammer.
September import prices fell 3.0% month-over-month, compared to the expected decline of 2.8%.
11:30am:--The black crows feeding carcass.
Morgan Stanley (MS 9.53, -2.88) and Goldman Sachs (GS 87.72, -14.63) are getting hit especially hard after both of their long-term credit ratings were put on review for a downgrade at Moody's.
12:30pm:--Bears at session MAV.
President Bush is currently giving a speech on the economy. He said the government is acting and will continue to act to restore confidence in the markets.
1:30pm:--Shooting stars at MAV.
Trading volume is heavy -- 932 million shares have already exchanged hands on the NYSE. This marks the highest trading volume at this time since Sept. 19, when the NYSE had its highest trading volume day ever recorded on news the Fed was looking to create an entity to buy distressed assets from financial firms.
2:30pm:--Shooting stars again.
The U.S. stock market is posting sharp losses for the eighth consecutive session as global economic fears sink markets worldwide.
3:30pm:--Bulls spike.
A surge in late-session buying interest,the recovery effort is broad-based, although financial stocks (+5.4%) are seeing the most buying interest.
4:00pm:--Graveyard death sentence again.

The culprits for the week:-
AIG collapse.
Bernanke quoting the prolong financial rout.
Moody's rating review to add salts to the wounds.
Why must they keep all these secrets and then released them on the October Anniversary Crash?Definitely they can do it on a staggered manner if they are sincere enough not to let the Americans investors and the world to suffer.
The stock market finished mixed on Friday, capping off a gruesome week that wiped out $2.4 trillion from the stock market as investors grew fearful about stubbornly tight credit and the prospect of a severe recession.
Treasury Secretary Henry Paulson says the administration will move ahead with a plan to buy stock in financial institutions.

October Crash Celebration.

The celebration has begun,Wall Street is having a parade of crashes a replica of past historical events.

1) Stock Market Crash of 1929 - The Dow falls a total of 23% for October 28 and 29; then makes a sharp 12.84% rebound on the 30th. However, over the next several years the stock market fell dramatically.

2) October 13 and 16, 1989 - The Dow plunges 190.50 points, or 6.9% on October 13, 1989 then rebounds 88 points on the 16th.

3) Black Monday, October 19, 1987 and October 20 - The Dow suffers the biggest percentage loss in recorded stock market history on October 19 and initially continues its plunge on the 20th. The markets rally sharply in the afternoon and the Dow posts its first triple-digit gain in its history.

Year 2008:-the crashes parade were held earlier beginning of the month before the Dow expiry on the 3rd Friday of the month.Many notable mini and major crashes.It hurts every one across the financial globe due to the contagion effect so much so worsts than the tsunami this time around seeing a lot of big branded banks sink under the ferocious wave 1,2,& 3.Haven't they reached to the Voyage to The Bottom of the Sea?

Don't worry,behold! Christopher Columbus will be coming to the rescue on Columbus Day.

This great Italian Explorer will soon spice up the world financial market by giving the best interest rate deal rather than goods like silk and opium.

Oh,my belove Santa Maria.Getting ready for the sea conquest.The admiral is coming-the Vikings will attempt to find a route to the rich land of Cathay (China), to India

Looking at the flags,the insignia is a logo of the doji star and if it starts from the bottom,a powerful push will follow.

At a more elevated level still, Franciscan brethren were preparing for the eventual end of the world, as they believed was prophesied in the Revelation to John.

According to that eschatological vision, Christendom would recapture Jerusalem and install a Christian emperor in the Holy Land as a precondition for the coming and defeat of Antichrist, the Christian conversion of the whole human race, and the Last Judgment.

This is what history has been repeated to be used in capturing the financial world.

Financial Stabilizer.

Alas the US President George W. Bush signs the Emergency Economic Stabilization Act of 2008 in the Oval Office after the House passed the $700 billion financial rescue legislation in Washington, October 3, 2008.
It's The Bailout of the Century. Taxpayers will soon be footing the mammoth bill.
Meanwhile, the economy is likely to continue its down drift, with all the hallmarks of a recession.
Tracking the Dow on Friday:03/10/08


9:30am:--A near 100.0 points gap up.
Historic plan to bail out the nation's financial system will be signed into law by President Bush on Friday afternoon.
10;30am:--Session high dojis.
In September, employers chopped payrolls by 159,000 -- more than double the cuts made just one month before.The dojis here a sign of indecision--to bring up or hammer down.
11:30am:--Bearish hammer.
The insurer American International Group Inc. said Friday it plans to sell off a number of business units to pay off its massive government loan.
12:30pm:--Pullback fall shy of the MAV.
There's a stream of ascending soldiers.Buying up before the approval of a historic $700 billion government bailout of the battered financial industry.
1:30pm:--The shooting star.
The high,half an hour before the vote which is already priced in as it's bound to be a majority.Index is struggling bearishly at the MAV.
2:30pm:--The hangman.

The 263-171 vote confirm the approval.The market is selling on news.
3:30pm:--Bearish Marubozu.
The enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still facing the economy.
4:00pm:--Double bottom.
Looking forward to a bullish coming week.

It's a Friday inverted hammer pattern.The long upper shadow is poised to be lighted up again.There'll be further short-covering ahead of FOMC minutes to be tabled on Tuesday.

Punishing Wall Street crooks.

The surest way to punish all the greediest beneficiaries of the recent Wall Street hogfest would be to let their companies collapse one after the other. But millions of Americans--maybe even a majority--would be dragged into the wreckage as the value of their homes, retirement plans, investment portfolios, and college funds collapsed. Would vengeance be sweet? Hardly. So instead of mutual assured destruction the Treasury Department, and the Federal Reserve could punish the villains while safeguarding the overall economy .
In his speech Wednesday night, President Bush tried to persuade Americans to support his administration's $700 billion economic rescue plan by emphasizing how inaction could hurt all .
"America could slip into a financial panic.... More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet.... If you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors and millions of Americans could lose their jobs.... Ultimately, our country could experience a long and painful recession," said Bush.
Tracking the Dow on Wednesday,1/10/08(Wednesday.)
9:30am:--A 100.0 points bearish gap down followed by hammer.
Muted reaction to a better-than-expected private employment report. Private nonfarm employment fell by 8,000 in September, according to employment services firm .
10:30am:--Graveyard dojis.
Just reported, the ISM Manufacturing Index fell 6.4 to 43.5 (consensus 49.5). A reading below 50 is intended to reflect contraction in manufacturing. ISM prices paid, which includes energy and food, but excludes crude oil, fell a sharper-than-expected 23.5 to 53.5 (consensus 73).
11:30am:--Ascending soldiers retracement.
Oil futures are down 3.8% to $96.85 per barrel, gasoline futures are down 5.0% to $2.33 per gallon.The Senate financial market rescue bill would allow the FDIC to borrow an unlimited amount of money from the Treasury, according to The Wall Street Journal.
12:30pm:--Opening gap down being filled.
The Senate is going to vote on its version of a financial relief plan this evening, according to reports.A shooting star high seen.
1:30pm:--Pullback to MAV.
Ford (F 4.52, -0.68) reported a sharper-than-expected drop in September North American auto sales.
2:30pm:--Bearish dojis.
Warren Buffett said he was approached by General Electric (GE 24.70, -0.80) regarding the recently announced $3 billion investment.
3:30pm:--Retracing to bull pivot point.
The morning star seen.Manufacturing contracted by a larger-than-expected amount in September.The ISM Manufacturing Index fell to 43.5 from 49.9 (consensus 49.5) -- its lowest level since October 2001. ISM prices paid, which includes energy and food but excludes crude oil, fell a sharper-than-expected 23.5 to 53.5 (consensus 73).
4:00pm:--A graveyard doji at bull pivot.
Are the manipulators going to sell on news of the new proposed bill?Quite posssible again.
The bearish hangman with its long lower shadow resting on the September bear pivot is another bit of concern.
Are they going to do another rout in memory of the previous October Crash anniversary.
Let's hope after Christopher Columbus Day holiday will give the financial markets a smooth sailing.