AIG payout.

Bank of America Corp. received $5.2 billion in payouts from the federal government’s bailout of American International Group Inc. Merrill Lynch & Co. Inc., which was recently acquired by BofA, got $6.8 billion.
Wachovia Corp. received $1.5 billion.
AIG disclosed Sunday the recipients of more than $90 billion it received in federal aid to honor its obligations for credit default swaps and other transactions.

The U.S. government seized control of AIG, providing it with an infusion of $ 170 billion in exchange for most of its stock.

Some of the banks receiving AIG relief separately got federal bailout funds under the Troubled Asset Relief Program.

Tracking the Dow on Friday,27/03/09

9:30am:--A hefty 100.0points gap down.

A dip in personal incomes and a slowdown in personal spending gave investors reason to cash in some of their winnings after the Dow Jones industrial average surged 21 percent over just 13 days.

10:30am:--No sign of gap-covering.

Technical rebound around the bottom.

11:30am:--Graveyard diji warning.

Obama and the bank executives discussed the administration's plan to stem the rise in home foreclosures, its proposal for tighter regulation of the financial industry, executive compensation and the financial bailout program, White House press secretary Robert Gibbs said.

12:30noon:--Dojis at near bottom high.

Failure to rebound at morning session.

1:30pm:--Descending soldiers.

Double-digit unemployment rates hit more states in February, with North Carolina and Rhode Island seeing their rates hit record highs.

2:30pm:--Hammering a downtrend.

A lawsuit filed on behalf of shareholders of American International Group Inc. is demanding company executives return millions of dollars in bonuses, dividends and other perks.
The lawsuit, which seeks class-action status, also seeks unspecified damages as well as the removal of AIG's top brass. It claims shareholders have lost $200 billion because of AIG's gross mismanagement and corporate waste over the past 8 1/2 years.

3:30pm:--Morning star seen.

Benchmark crude for May delivery dropped $1.96 to settle at $52.38 a barrel on the New York Mercantile Exchange.

4:00pm:--A half body bullish engulfing.

This can be translated into short-coverings avtivities towards the end of First quarter book closing.
Consumer spending up, but income sags on job cuts.
The Obama administration is likely to impose deeper concessions on Chrysler LLC and General Motors Corp. in exchange for additional federal loans, a person briefed on the government's plan said Friday.

Wednesday's candlestick upper shadow is in play and chances of lighting up again looks bright.

Clearing bank's bad apples.

The final showdown has begun with the the administration's financial rescue package and formed what President Barack Obama called "one more critical element in our recovery."
The coordinated effort by the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corp. relies on a mix of government and private money -- mostly from institutional investors such as hedge funds -- to help banks rid their balance sheets of real-estate related securities that are now extremely difficult to value.

Tracking the Dow on Monday,23/03/09
9:30am:--A 120.0 points gap up.

News of theTreasury Department's plan to relieve banks of bad assets.

10:30am:--An inverted bullish hammer at session high.

Buying interest is broad-based as all ten sectors trade with solid gains.
11:30am:--No sign of pullback.Mini bulls at work.

Existing home sales in February rose 5.1% month-over-month to a seasonally adjusted annual rate of 4.72 million.

12:30noon:--Hangman holding tight at near session high.

Reuters also said that key Republican senators are seeking to delay debating the special taxes on AIG bonuses for at least one week.

1:30pm:--Profit-taking.

FDIC Chairman Bair said that the public-private investment program will likely make money for the FDIC, according to Reuters. Bair also said that 6-to-1 is the outer range of leverage it will provide for the program, Reuters reported.

2:30pm:--Bulls penetrating morning session high.

3:30pm:--The breakout.

4:00pm:--The ascending soldiers.
Time for a victory pause.
Supercharge bulls tearing down the red-curtain.

All the funds are buying to top up position to present a bountiful first quater closing.

A welcoming sight alas!

Bank's toxic assets.

They are making banks unwilling to lend, they're making private investors unwilling to come into banks. The banks' balance sheets are still stained with red ink.
The Obama administration will soon unveil a program to help banks clean up their books by purchasing their bad assets.
Under the plan being considered, government funds will be used to effectively seed partnerships with private firms to buy up assets backed by mortgages and other loans.

Tracking the Dow on Friday,20/03/09 (EXPIRY DAY)
9:30am:--Gap Up with early shooting star.

Senate Republicans brake rush to tax AIG bonuses
10:30am:--The bearish harami signal.

Bernanke says exec compensation must be monitored
11:30am:--The gap-up has been fully covered.

A shooting star again at morning session near low.Better run stock.

12:30noon:--A bearish harami again.

Run for your life.Chrysler reverses claim that Fiat would take debt.

1;30pm:--Hangman.

Benchmark crude for April delivery fell 55 cents to settle at $51.06 a barrel in light trading on the New York Mercantile Exchange.

2:30pm:--Day's low found as seen by the bearish dragondly dojis.

3:30pm:--The bearish harami again.

4:00pm:--Bearish hammer of the day.
The end of 1st Quarter,the Dow index Futures expiry.It's the triple Witching Day.

The whole of Wednesday's candlestick has finally been completely covered.
US stocks fall on profit-taking.

Greedy AIG executives.

Financially strapped American International Group Inc. was paying substantial bonuses to executives.
They are a bunch of reckless and greedy vultures siphoning other peoples hard earned retirement & tax-payers money to finance their own personal luxurious empire.
The federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.
AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.
These guys has caused an unprecedented global catastrophe.
Waxman also said there is evidence the two men changed the bonus schedule once the company began to post losses, so that executives under the "Senior Partners Plan" would continue to make multi-million dollar salaries.
Sullivan was given a $15 million "golden parachute" payment after being replaced as CEO in June.
AIG === A'int Greedy
.Tracking the Dow on Monday:16/03/09--4 days to Dow Futures Expiry.

9:30am:-Bullish 80.0 points gap-up.
Treasury will soon offer details regarding its plan to address toxic assets responsible for driving losses on bank balance sheets.
10:30am:--Pull back filled half gap & bullish reverse.
Barclays (BCS) may sell its iShares business, which focuses on exchange traded funds, otherwise ETFs. The move could help bolster the company's balance sheet.
11:30am:--Shooting star pair.
Profit take unwind for morning session. Crude oil futures prices are down 3.9% to $44.45 per barrel after OPEC elected not to cut output.
12:30 noon:--Dragonfly dojis.
The March Empire Manufacturing Index came in at -38.23, which is worse than the -30.80 reading that was widely expected.
1:30pm:--Session high with hangman.
Strength in Citigroup (C 2.46, +0.68), Bank of America (BAC 6.54, +0.78), and JPMorgan Chase (JPM 24.94, +1.19) has pushed the financial sector (+4.9%) to a fresh session high. The trio also led the financial sector's rally last week.
2:30pm:--Hangman & bullish hammer.
The downward push has moved the consumer discretionary sector (-0.3%), health care (-0.3%), and technology (-0.8%) into the red.
3:30pm:--Day's opening gap fully covered.
Fed Chairman Bernanke stated in a weekend interview with 60 Minutes that the economy could recover by next year with support from lawmakers and the public.
4:00pm:--The hammer.
A weak follow through.Profit-taking which is healthy.

The big-swing of the Dow on Monday might be the start of roll-over of Dow Futures February contract which is about to expire this Friday.The bullish tone is still intact.
An opportunity to move in those financial stocks that have pullback.
Despite the formation of a graveyard doji,the long upper shadow is the area of rebound.
Today's run-up has been spoilt after American Express Co said the number of people struggling to make credit card payments grew.

The worst's over.

Market analysts say two signs of a bottom are the entrance of big institutional investors, because they hold stocks for the long-term, and high trading volumes during rallies.

Pension funds, mutual funds, and insurance funds began snapping up bargain stocks last week after sitting things out for a while, said Stuart Frankel & Co. president Jeffrey Frankel, who works on the floor of the New York Stock Exchange. And volumes on the New York Stock Exchange on Tuesday, Wednesday and Thursday of last week were about 7 to 8 billion shares -- similar to those when stocks plummeted the week before.
Crude oil has jumped 16 percent in the past three weeks,it means traders see demand trickling back. Growing demand means increasing industrial production.

Tracking the Dow On Friday.13/03/09.

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

February Retail Sales declined just 0.1%, which was better than the 0.5% decline that was expected.
10:30am:--Early session high with bearish hammer.

The U.S. trade deficit plunged in January to the lowest level in six years. Economists had expected, they did not see the development as good news for the economy.
11:30am:--The bullish hammer & hangman pair.

Down it goes. With Bernard Madoff behind bars, investigators have their work cut out for them identifying who else may have been involved in his nearly $65 billion scam.

12:30noon:--Inverted bullish soldiers.

Up it goes as we ended the morning session.A judge said Friday he will decide within a week whether Bank of America Corp. has to turn over a list of performance bonuses given to the 200 highest paid employees of Merrill Lynch & Co.

1:30pm:--Retrace to MAV & a bearish hammer seen.

China raise warnings about what Washington's drive to spend its way out of recession might do to U.S. government debt, which Beijing holds in large quantities at the G20 meeting.

2:30pm:-2nd hammering to the MAV support line.

Benchmark crude for April delivery fell 78 cents to $46.25 a barrel on the New York Mercantile Exchange.

3:30pm:--Remains bullish above the MAV.

Near day's high.

4:00pm:--The dragonfly dojis.

Looks like the bulls are continuing their fiesta.
DOW GAINS 9 PCT FOR THE WEEK
The Dow's rise marked its highest close since February 25.

The overall candlestick pattern to date is shape like a bullish dragonfly doji.

Next 3rd Friday of the month will see the Dow Futures expiry.

High Volatility will set in again.

Citigroup.

Dragonfly Dojis all along the way.
The lower shadows are the range of covering.
The closing bell last minute was a bullish candle unshaven and might pullback to form a lower shadow.
It's still a weak trend.On the whole there are Buying Signal.

Global trade will decline by the most in 80 years, according to a World Bank report yesterday.

The President's Unusual Speech

PRESIDENT BARACK OBAMA's HOPEFULL LOGO.

"Shares are at bargains for investors with a long-term perspective."

"What you're seeing is profit and earnings ratios are starting to get to the ponit where buying stocks is a potentially good deal,if you've a long-term perspective on it.Consumer confidence is "taking root" with enactment of the $787billion package of spending & tax cuts.There are a lot of losses that are working their way through the system.And it's not surprising that the market is hurting as a consequences."
Tracking the Dow on Friday,06/03/09

15 days to Dow Witching Day expiry.

9:30am:--The Gap-Up.

Positive reaction to in-line payrolls data, slightly worse than expected unemployment rate.

10:30am:--Early gap-up pullback completely.

Crude makes new highs at $45.31; now up $1.64 to $45.25.

11:30am:--Double bottom & triple bottom for morning session.

Crude oil makes fresh highs at $45.68; now up $1.95 to $45.56 :

12:30noon:--Morning session closes at day's opening with a shooting star.

1:30pm:-Session low with a morning star.(Black bar with a bullish spin)

2:30pm:--Retracement was shortlived followed by bearish engulfing.

3:30pm:--Final day's low completed.

4:00pm:--Retraced & the closing looks like graveyard doji but was above the day's MAV in the bullish zone.Therefore the follow through should remain bullish.

IT's the Morning Star.The technical rebound is underway.

Surging oil prices might lift energy stocks to ensure the pre-planned rebound.
Next week will be the PIVOT week before the Dow Index expiry on the 3rd week Friday.The High & Low setting has completed so gear up for retracement to the MAV and beyond.

Citigroup enter the dragon.

The citigroup has finally found its low as the many dragonfly dojis along the path are holding its position.
The day trading session ended with a powerful bullish inverted hammer.

There's a gap in the breakaway bear.It will soon be refilled again to find its retracement.
BUY.

The Citi Got Doomed.

Citi Group corporate theme:-"The Citi Never Sleeps" was finally put into "coma" and on the verge being doomed.

It's dirt cheap such a reputable stock.Grab it mann...!!It's the Offer of the Century.

See the bullish harami at the closing,...I doubt we can get that price.....it's goin to spike up./..gap-up on Monday's opening.

I think the current price of Citi Group has been pre-planned as at November'08 end "hangman"

First month setting the bull trap.Second month pretending to have completed its low.The third month got it's "death wish"but Mr.Obama has come to the rescue.

Dow Jones Intraday Chart Friday:-
9:30am:--Gone case 120.0 point crash.

Citigroup Inc. agreed to turn over a big piece of itself to the government, a move that fanned worries that other banks would face crippling trouble with bad debt.

10:30.am:--Gap down early recovery-rebound.

And the government's gross domestic product report showed that the economy fell at a 6.2 percent annual pace at the end of last year, a much faster than expected pace.

11:30am:--Pullback for the morning session .

Bullish candlestick-sign of retracement.

12:30noon:--Recovery to opening price.

The graveyard and bearish doji at the top are sign of warning.The building will give way and crash.

1:30pm:--Pullback to Day's MAV.

Reluctance to press downward and there is a bullish spin-morning star.

2:30pm:--A triple top--bull trap.

Pullback to the MAV again and rebound this time failure to reach another opening top.

3:30pm:--The indicies has finally pierced the MAV line.

The were many hangmans around.

4:00pm:--Another attempt at the MAV line to find a high failed.

The graveyard doji and soon the day's ended with a near the low close.

We are now hoovering at the 7,000 point critical level.It's the FIRST QUARTER ending season.

The Triple Witching is on the 20/3/09.