China's rate cut.

China is scrambling to prop up its economy. The People's Bank of China made a 108-basis-point cut to interest rates on Wednesday after the markets closed, accelerating its recent policy of monetary loosening in the face of slowing exports and industrial production.
Earlier this week, the World Bank cut its forecast for economic growth in China to 7.5%, from 9.2%, though many economists expect an even slower rate of expansion, of anywhere between 2.0% and 7.0%.
China's benchmark rate now stands at 2.52%. The central bank also lowered its reserve requirements by 200 basis points for large banks and by 100 basis points for smaller banks on Wednesday.

Tracking the Dow on Wednesday,26/11/08.

Pivot Day of the Dow Index futures.

9:30am:--Nearly 200.0 points gap-down followed by a bullish spin.

President-elect Obama is scheduled to speak at another news conference today at 10:45 AM ET.

10:30am:--Bearish dark cloud.

Three economic reports hit the wires, including a larger-than-expected drop in durable goods orders.

11:30am:--2 Black crows.

There were 529,000 new unemployment claims for the week ended Nov. 22, which was slightly better than the expected reading of 535,000.

12:30pm:--Weak bulls holding on at session high.

October personal income rose 0.3% month-over-month (consensus +0.1%) and personal spending dropped 1.0% (consensus -1.0%). The PCE Deflator, an inflation measure, dropped 0.6%. Finally, October durable goods orders tumbled 6.2% (consensus -3.0%). Excluding transportation, durable goods orders fell 4.4% (consensus -1.6%).

1:30pm:--Bearish engulfing.

Just hitting the wires, the number of new home sales in October slipped 5.3% month-over-month to a seasonally adjusted annual rate of 433,000. This was worse than the expected reading of 444,000 and the lowest amount of sales since 1991.The November University of Michigan Consumer Confidence reading was revised down to 55.3 from 57.9. This was below the consensus estimate of 57.5.

2:30pm:--Ascending soldiers.

Former Fed Chairman Paul Volcker will head his new economic advisory board.

3:30pm:--Hangman at day's high.

Crude continues to rally, up 7.3% to $54.42 per barrel.

Buying interest in tech and automaker stocks helped reverse sentiment, sending stocks to their fourth consecutive gain.

4:00pm:--Closing at day's high with a hangman.

Caution ahead.
The indicies looks like at its turning point with a hammer warning.Profit taking may come in.

Investors on Wednesday snapped up tech stocks trading near their cheapest levels in five years, and renewed hopes of a General Motors bailout helped investors shrug off data depicting a worsening global economic downturn.

Looks like the speculators are back in action.Market seems to be positive whenever Obama is about to make any speeches.

More bank needs rescue.

The government has agreed to guarantee risky Citigroup debt valued at $306 billion and also pump another $20 billion in cash into the ailing bank, on top of an earlier $25 billion injection that was part of the government's initial round of investments.

Still, many hard questions remain over the Citigroup bailout, including whether or not the nation's former No. 1 bank will need to need even more government money; how many losses will eventually be taken on the $306 billion risky debt being guaranteed by the government; and how much debt of comparably poor quality is held by other banks.

In addition to Citigroup, the first batch of big banks that got capital from the government included JPMorgan Chase & Co., Wells Fargo & Co. (which just bought Wachovia Corp.), Bank of America Corp. (which just bought Merrill Lynch), Morgan Stanley, Goldman Sachs Group Inc., Bank of New York Mellon and State Street.

Citigroup has more than $1.2 trillion in off-balance sheet assets - mostly complicated, structured debt products that it has yet to take actual losses on.

"The definition of 'too big to fail' is changing all the time''

Tracking the Dow On Monday,24/11/08.

9:30am:--A 150.0 points gap-up with an early half gap cover.

The big news this morning is that Citigroup (C) will be receiving government guarantees, liquidity access and capital.

10:30am:-- Dark cloud cover.

Just hitting the wires, October existing home sales fell 3.1% month-over-month on a seasonally adjusted annual basis to 4.98 million, which is close to the consensus estimate of 5.00 million.

11:30am:--Shooting Star.

The major indices trade near session highs, benefiting from relief over the Citigroup (C 6.31, +2.54) bailout out and short-covering.

12:30pm:--Bullish engulfing at MAV.

Oil prices have surged 7.6% to $53.73 per barrel and gold prices are up 4.2% $825.30 per ounce.

Shares of Citi are up 59%, with other financial names such as Morgan Stanley (MS 13.50, +3.45) and Merrill Lynch (MER 10.65, +2.31) also getting a nice boost.

1:30pm:--Bearish doji.

Obama is currently participating in a question and answer session.Obama said the country needs a "big" stimulus package, but did not give a specific number.

2:30pm:--Index spike to session high with another bearish engulfing.

Tomorrow, investors will digest the preliminary third quarter GDP report at 8:30 AM ET and November consumer confidence at 10:00 AM ET

3:30pm:--Bullish spike up near end trading day with bearish hangman.

Commodities rallied 5.4% as oil prices spiked 9.1% to $54.48 per barrel and gold rose 4.0% to $823.70 per ounce. The strength in the stock market and a 2.4% decline in the dollar fueled the buying interest.

4:00pm:--An end day shooting star with breakaway bears closing with hangman.

The follow through session may got hanged again.
Monday's candlestick touches this month MAV and started off within the neckline.It's about to get some new breadth hopefully it does not bow down again.

President-elect Obama unveiled his economic team, confirming that New York Fed President Tim Geithner is the Treasury Secretary nomination.It's the sign of his first move in action.

Psychofinancial bind

Plummeting markets can seize hold of your personality, internalizing behavior that can control your investing decisions for years to come.
"smart money" have almost no discipline about selling stocks. They make most of their decisions unconsciously and often don't know why they really bought or sold a particular stock. Most professional money managers unconsciously create patterns of behavior where wrong deed feeds upon wrong deed.
This is one of the reasons why so few active stock pickers can beat the market. According to Standard & Poor's, global and domestic stock funds fail to beat the market 70% of the time. We're just not wired for investing. We don't control it, it controls us.
You're only safe,if "you have a clear philosophy and approach to your investing and have built rigor, process and discipline to implement it. Then you'll understand that at times what you do will be out of favor but you'll remain committed to something bigger than you are that you know has validity."
Market losses affect the brain in the same way excrement or a foul smell does. We recoil without thinking, as if we're confronted with a disgusting and possibly harmful physical presence. This reaction stems from our unconscious desire to immediately end the pain.
"The experience of losing $1 is three times more emotionally impacting than the experience of winning $1,"If it goes up $3, but then drops $1 from its high before we sell it, we feel pain even though we're able to sell at a profit. That $2 net gain just isn't enough.
"Investors are also reluctant to accept and realize losses because the very act of doing so proves that their first judgment was wrong. Investors who accept losses can no longer prattle to their loved ones, 'Honey, it's only a paper loss. Just wait. It will come back.'" This is the classic behavior of the problem gambler who wants another spin at the roulette table because the only sure path to not recouping losses is to leave the table.

Tracking the Dow on Friday,21/11/08.

DOW FUTURES EXPIRY DAY.

9:30am:--A 100.0 points gap up followed by a shooting star.

Dell (DELL) posted better-than-expected earnings per share results for the third quarter.

10:30am:--A bottom spin.

Honda Motor (HMC) is cutting production at some of its global factories.

11:30am:--Breakaway ascending bull.

Crude oil futures have rebounded 2.5% to $50.65 per barrel early on.

12:30pm:--Ascending soldiers with a shooting star.

GE is in talks with the Government of Singapore Investment Corp. regarding possible joint investments.

1:30pm:--Bearish inverted hammer.

Citi is reportedly weighing strategic options regarding its future, but claims it wants to keep itself together.

2:30pm:--Bearish graveyard doji.

Chicago Fed President Evans stated that growth is likely to be quite sluggish through much of 2009 as the U.S. faces a protracted period of weak growth.

3:30pm:--A sudden bull spike up.

Ford Motor (F 1.25, -0.14) is having its bank apply for Federal Reserve membership in order to obtain FDIC insurance, Reuters reported.General Motors (GM 2.68, -0.20), GMAC, submitted an application to be granted bank status.

4:00pm:--Unshaven bull spike with a shooting star/graveyard doji.

A last one hour into trading spike is too artificial.It's just a short-covering of position on index expiry day.
Friday's candlestick resembles a bullish hammer.Looks like goin' to be a bull-trap.The bulls can't survive at the bear pivot border line.

Disaster will strike again.

Investors got a little bit of clarity regarding the future face of the Treasury team; President-Elect Obama has nominated New York Fed President Geitner for Treasury Secretary. Obama is expected to announce the rest of his economic team Monday.

The world follows.

Overseas stock markets fell sharply Thursday, taking a cue from Wall Street, as investors remained anxious about the grim outlook for the global economy and corporate profits.
The market is fearful of the fallout from the credit crisis and the global economic slowdown
The sinking Titanic has caused those on board including the captain of the financial market like Nikkei and HangSeng to dive into the mighty ocean.
Tracking the Dow on Wednesday,19/11/08

Two days to Dow Index Expiry.

9:30am:--A mild open with shooting star.

Chrysler testified before the Senate Banking Committee in an attempt to secure government loans for the struggling automakers.

10:30am:--A double top.

October CPI fell 1.0% month-over-month, which was a larger-than-expected decrease compared to consensus estimate of -0.8%

11:30am:--Bears Hammer.

U.S. automakers are currently testifying before the House Financial Services Committee, which follows their appearance before the Senate Banking Committee yesterday.

12:30pm:--Small body Bulls engulfing.

A mild technical rebound.The latest new residential construction data fell to the lowest levels on record, and provide another weak point for GDP calculations.

1:30pm:--Bearish hammer.

The FOMC will release the minutes for its Oct. 29 meeting in about thirty minutes.

2:30pm:--Bears at session low.

Citigroup (C 6.45, -1.91) tumbled 23% to its lowest level since 1995. Citi said it will buy the remaining $17.4 billion in structure investment vehicles it advised.

3:30pm:--Graveyard Dojis.

For 2008, the Fed expects the economy will grow between 0.0% and 0.3%, down sharply from its previous forecast of 1.0% to 1.6%. The 2009 forecast now calls for growth between -0.2% and 1.1%, down from the previous forecast of 2.0% to 2.8%. The Fed also raised its unemployment forecast.The minutes hinted at the likelihood of further monetary easing, as some FOMC members saw potential for further rate cuts.

4:00pm:--A small morning star closing at day's low.
So they have completed last week Thursday whole candlestick,top and bottom.It's roll-over day.

Can they bring it up again this Thursday?

Maybe yes.

An individual success.

As the values of real estate, stocks, and bonds evaporate, people seem to be questioning whether investing time and money in a college degree is worthwhile. The answer, it turns out, is pretty clear: A wide variety of studies show that, on average, college pays off in financial and nonfinancial ways. But some college graduates--especially those who attend low-quality institutions or take worthless courses--will be below that average and might very well be wasting their time and money. Those who are lucky, smart, and diligent enough to attend high-quality colleges and earn in-demand degrees will be far more likely to reap big rewards.
Is it the person and not the degree?
Many of the doubters argued that successful people will be successful with or without a degree. College graduates typically only earn more because, on average, smarter people attend college, they said. Bill Gates and many other wealthy dropouts have shown that it's the person, and not the degree, that determines success, they said.
So, even if you don't happen to need a degree to get a good paycheck or to think big thoughts, your life will be better if lots of people around you graduate.
Tracking the Dow on Monday,17/11/08.

4-days to Dow Futures Expiry.

9:30am:--Mild gap-down.

Just hitting the wires, October industrial production rose by 1.3% after falling 3.7% in September. Economists expected an increase of 0.2%. Capacity utilization was 76.4% in October, a slight dip from utilization of 76.5% in September. Economists expected utilization of 76.5%.

10:30am:--Breakaway bull.

Japan officially fell into a recession for the first time since 2001, joining the Eurozone.

11:30am:--Bullish dragonfly doji.

There continues to be speculation regarding government intervention to aid General Motors (GM 3.31, +0.30), Ford (F 1.76, -0.04) and Chrysler. GM told federal officials that a bankruptcy filing would result in a chain reaction that would damage suppliers and dealers, The Wall Street Journal reported.Economic concerns continue to weigh on investor sentiment.

12:00pm:--Shooting star.

The bulls try to look past economic concerns and more job cuts.Separately, the G-20 summit did not produce any agreements that would alter the near-term picture in any meaningful way.

1:30pm:--Bearish harami.

Reuters reports that a Democratic leadership aide said the U.S. Senate is unlikely to pass a broad economic stimulus this year.

2:30pm:--A morning star followed by graveyard doji.

Crude oil prices fall to session lows, currently down 3.4% at $55.10 per barrel.Bloomberg reported that the Bush administration will not seek the remaining $350 billion from the $700 billion financial rescue plan, and will leave it to the Obama administration.

3:30pm:--Graveyard doji.

In corporate news, Citigroup (C 8.87, -0.65) announced plans to slash as many as 52,000 jobs from its workforce, which totaled 352,000 at the end of the third quarter, in an effort to cut costs due to the financial market turmoil.

4:00pm:--Three black crows.

Mission accomplish cleaning the mess.Look for futures index roll-over rebound.

Who says the Dow is not being manipulated.

See picture how they cover back the Thursday candlestick body taking two solid day to clear the carcass.

Time for the gravediggers to become pall-bearers leading the procession again.

Stimulate and boost economy.

Their first step is raising government spending as the credit crunch delays the effect of recent interest rate cuts. G-20 countries including the U.K., Japan, China and Germany are rolling out stimulus packages. Democratic lawmakers in the U.S. are signaling they will enact a second round of stimulus legislation.

The IMF will have a role, along with the Financial Stability Forum in conducting ``early warning exercises'' and issuing joint risk assessments of financial markets, the two organizations said yesterday. The FSF includes officials from the Group of Seven nations along with Australia, Singapore, Switzerland and the Netherlands.

G-20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the U.S., the U.K. and the European Union.

The Netherlands and Spain are also represented, as are the IMF, World Bank, and United Nations.

Japanese Prime Minister Taro Aso's office said his government will offer up to $100 billion in lending to the IMF at the summit and ask other nations to give further resources.
Tracking the Dow on Friday,14/11/08.

5 days to Dow Futures Expiry.
9:30am:--A 100.0 points skid with a bullish bottom spin.

Retailers continue to expect a weak holiday shopping season;Citi is laying off at least 10,000 employees starting this week.

10:30am:--Gap fully filled.

October import prices were down 4.7% month-over-month, exceeding the 4.4% downturn that was widely expected.

11:30am:--Bearish Engulfing.

Fed Chairman Bernanke stated in a prepared speech regarding coordination among central banks that financial turmoil was the product of a global credit boom, and monetary policy actions have not resolved the ongoing strains in financial markets. He also stated that continuing volatility of markets and recent indicators of economic performance confirm that challenges remain.

12:30pm:--Bullish Engulfing.

September business inventories were down 0.2%, which is below the consensus forecast of a 0.1% decline.The drop in oil has caused considerable weakness in the energy sector (-4.3%).
The White House said it is talking to Congress about accelerating the $25 billion auto loan package that was already appropriated, Reuters reports.

1:30pm:--A bullish inverted hammer.

In economic data, October import prices were up 6.7% year-over-year, missing the consensus of an 8.2% year-over-year increase.Division among congressional officials continues to ensnare possible plans that will provide federal aid to automakers. Recent reports indicate a test vote is expected next week.

2:30pm:--Bullish hammer at the 2nd attempt near the opening.

Treasury Secretary Paulson recently stated that the major purpose of the TARP was to stabilize the financial system and get lending going. He noted that it is highly likely there will be another capital program within the current $700 billion plan. Paulson also stated that he thinks the system has clearly been stabilized. The stock market may not entirely agree, though, considering the persistence of volatility in the major indices.

3:30pm:--Bears on rampage.

Paulson spoilt the party.Trading remains volatile as investors continue looking for a bottom amid ongoing uncertainty in financial markets and global economic conditions. However, if anything is certain at this point, the bottom won't be marked by a clear V-shape.

4:00pm:--Bearish spin at day's bottom.

The usual Friday unwinding position ahead of weekend.
Friday's candlestick pattern has closed nearly half the body of Thursday and left with a small lower shadow.The Bear Pivot has been penetrated and any pullback will be covering back the green portion.

A rebound will be in store to set the stage for another bulltrap ahead of the CPI and Housing Starts figure next Thursday.

Another volatile session ahead.

Lame Duck.

President Bush is currently on the lame-duck status with two months left in office and with a departing administration.Hardly can he deliver any goodies if he were to meet world leaders at the weekend economic summit.

Tracking the Dow on Tuesday,11/11/08.
9:30am:--180.0 points gap-down.
Economic concerns weigh on sentiment.
A bearish hammer follow suit.
10:30am:--Hangman Dojis.
Crude prices are down 4.1% to $59.81 per barrel, which is weighing on energy stocks (-3.7%).
Several notable companies had their earnings estimates slashed this morning.
11:30am:--Technical rebound.
Luxury homebuilder Toll Brothers (TOL 18.48, -0.47) said revenue fell 41% year-over-year.
12:30pm:--Bullish engulfing.
Market breadth is bearish. Decliners outpace advancers by 20-to-3 on the NYSE.
1:30pm:--Bears holding at day's low.
Sellers continue to outpace buyers. In a half-hour, the government will outline a new mortgage relief plan, according to reports.
2:30pm:--Ascending soldiers peak.
Stocks recover some ground after CNBC reported that BlackRock's (BLK 113.07, -2.48) vice chairman said the $30 billion Bear Stearns mortgage portfolio is generating better cash flows than the market price implies. BlackRock is managing the $30 billion in assets that the Federal Reserve assumed following the collapse of Bear Stearns.
3:30pm:--Bearish harami after mortgage plan news.
Government officials outlined a new mortgage modification plan for loans held by GSEs Fannie Mae (FNM 0.69, -0.03) and Freddie Mac (FRE 0.84, -0.04). The program targets the highest risk borrower who has missed three payments or more, owns and occupies the property as a primary residence and has not filed for bankruptcy. The borrower's loan payment will then be modified to be affordable, which the FHFA defined as no more than 38% of total monthly gross income.
4:00pm:--Bearish spin beneath the MAV

Tuesday's candlestick is a typical bear hammering a downtrend.
Consumer spending worries send stocks lower for the day.

Why choose TUESDAY voting?

The short answer:
The U.S.A used to be a nation of farmers.
The long answer:
Congress chose November because the harvest was over and the weather wouldn't be bad enough to prevent people from traveling. As for Tuesday, people used to have to travel overnight to their polling location. (In 1845, horse was the preferred method of transport.) In an effort to avoid religious days of rest, Congress chose Tuesday, leaving Monday and Wednesday as travel days.
Tuesday was voting (and horse-resting) day.
My conclusion:
So the Federal Reserve & Treasury Secretary has harvested all the financial gains from the world stock markets by giving misleading news and now washing their hands for the handover to a new President elect.Hence the tremendous harvest they have garnered in the Evil month of October are now in their coffers for an early retirement plan.That's their financial planning.

Whereas in the stock market jungle Tuesday is a day of high volatily and big swing before the market find its exact direction in the Mid-Week(Wednesday).I have noted this in the index futures all this while presumably an international standard set by those rogue funds swarming around the glode."Birds of all feathers flock together"
Tracking the Dow on Tuesday 04/11/08 (US PRESIDENTIAL ELECTION DAY)
9:30am:--Hefty 180.0 points gap-up.
Credit markets continue to show improvements. Interbank dollar lending, known as Libor, declined across all terms and the TED Spread is down 20 basis points to 2.22%.
10:30am:--Ascending soldiers.
September factory orders fell 2.5% month-over-month after dropping 4.3% in August. The results were worse than the 0.8% decline that was expected.
11:30am:--Bearish pullback.
Stocks and commodities rally to session highs while the dollar tumbles to session lows.Dallas Fed President Fisher, who has been an inflation hawk, said the market crisis has arrested inflation momentum.
12:30pm:--Bears in control.
In economic news, market participants shrugged off negative factory orders data.
1:30pm:--Shooting Stars.
Crude prices spike higher, now up 11.5% to $70.63 per barrel.
2:30pm:--Bearish engulfing.
Index is pulling back to MAV before another bullish rebound.
3:30pm:--The Saints came marching in.
Commodities rallied 5.3% as the dollar tumbled 1.8% against a basket of world currencies.
The Volatility Index, which is considered the "fear index", declined 11%.
4:00pm:--Hangman & shooting star.
Profit taking might pursue.
The 52 weeks bear pivot is been penetrated and the indicies are aiming for the 52 weeks MAV but along the way obstacles on economic factors will seep in again.

Dow gearing up for festival of light.

Forget and leave behind the bad trails and treats of Halloween October.
Let's brighten our new beginning again in this month of the "Festival of Lights"
SAWAEE KRAB!
It's the LOY KRATHONG.(8th till 12th November 2008)
Loy Krathong takes place all over THAILAND at just about any source of water. People will go down to their local rivers or even ponds to float a small container which is traditionally made from banana leaves. In Thai, the word "loi" means to float. They will put a candle, incense sticks and often a few coins for good luck into their krathongs. They will then float this on the water asking for forgiveness from Mother Nature for polluting waterways. As they crouch there and watch their krathong float away under the gaze of the full moon, the Thai people believe that the krathong is also floating away their bad luck.
So in order to have a bullish Dow Index and months to come,let's meet in Bangkok which will be held along the banks of the Chao Phraya River, From Krungthep Bridge to the Rama VIII Bridge.
Also the main highlight is The "Loi Prateep" royal ritual performed in the royal court on the night of the full moon of the twelfth lunar month.A water-borne procession consisting of an impressive fleet of no less than five hundred illuminated vessels, each with two lit candles and an incense stick, being carried down-stream.

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Tracking the Dow on Halloween Day,31/10/2008
9:30am:--A mild gap up.
September personal income was up 0.2%, which is slightly better than the 0.1% increase that was expected.
10:30am:--Bearish harami.
An early low was formed followed by a bullish engulfing.Integrated oil company Chevron (CVX) also posted strong results that exceeded Wall Street's expectations.
11:30am:--Graveyard doji at session high.
Yahoo's interest in teaming up with Google stems from trying to improve its competitiveness in the Internet search category. However, if the deal is blocked by regulators.
12:30pm:--A spinning morning star.
Market participants received another dose of economic data this morning. The core PCE deflator was up 0.2%. Total PCE deflator was up 0.1%, as energy prices dipped. The numbers are likely to be lower in upcoming months. Additionally, the third quarter employment cost index provided good news from an inflation standpoint. With a softer labor market, there is reason to expect the favorable trend to persist in the fourth quarter.
1:30pm:--Bullish spike up followed by dark cloud cover.
Commodities are being hit with selling pressure, causing the energy sector (-0.6%) and the materials sector (-0.6%) to underperform. Much of the weakness in commodities is owed the confluence of recession-based fears and a rebound in the U.S. dollar.
2:30pm:--Graveyard doji seen.
Crude oil prices are spiking higher, though no news item seems immediately responsible for the climb. After being down as much as 4.3%, crude is now up more than 3% to above $68 per barrel.
3:30pm:--Bearish harami.
Stocks have encountered a bout of stiff selling pressure as traders head into the session's final stretch. Each of the major indices moved sharply off their session highs. Whether the session's gains completely roll over will only be seen in time. However, if gains are maintained, it will mark the first time the stock market registered advances for two consecutive sessions in over one month.
4:00pm:--Hangman with a technical rebound closing.
Can these be the bearish tri-star since it was formed at the top?
The attempt to close through the 52 weeks bear-pivot did not work out as yet.If it happens,the bears will have to return back into the woods and stay put for the coming winter rather than going on a grizzly rampage in October and continuing its gnawling.