Ponzi Scheme.

We have another made-in-america ponzi-scheme.
Texas billionaire R. Allen Stanford,59 was indicted Friday, June 19, on charges he orchestrated a $7 billion fraud over allegedly bogus certificates of deposit.
If convicted of all charges in the 21-count indictment, Stanford could face as much as 250 years in prison, officials said.
An amended complaint filed by the SEC on June 19 accused Stanford and his finance chief, James M. Davis—who is not listed as a defendant in the criminal indictment—of conducting a "massive Ponzi scheme" in which early investors were paid returns from money put in by later investors.
High Yielding Investment Programs (HYIPS) are a plentiful on the internet.(example)

Tracking the Dow on Quadraple Witching Day.19/06/09
9:30am:--A 40.0 point bullish gap-up with quadraple hangmen. Jobless rate in Western US tops 10 percent
10:30am:--Opening gap is a quarter to be filled.

An attempt to gring it higher was again halted by the hangman.

11:30am:--The gravediggers are sighted.

Federal authorities are investigating a new outbreak of a bacteria-triggered illness, this time related to a sweet treat treasured by the heartbroken and children-at-heart -- packaged raw cookie dough.

12:30noon:--The opening gap has been fully filled and broken.

Now at session low with further dark clouds cover.Benchmark crude for July delivery dropped $1.82 to settle at $69.55 a barrel in light trading as the contract was set to close Monday.

1:30pm:--A technical rebound agin held back by a evening star.

A House panel has subpoenaed documents that lawmakers say could shed new light on Federal Reserve Chairman Ben Bernanke's role in Bank of America's acquisition of Merrill Lynch.

2:30pm:--The bears are holding it at day's low.

The Treasury Department and the nation's largest banks are still negotiating what price the government should receive for stock warrants that represent the banks' final ties to the $700 billion bailout program.

3:30pm:--A rebound to MAV in this late session.

Profit takers and unwinding of weekend position prevent it from going into the positive territory.

4:00pm:--A reprieve,a bullish harami sighted for follow through session.
Unfortunately the Dow will be playing below the MAV line till the month's end.

Holding of position for too long a period will be very risky in day's ahead in the light of high volatility as the investors fear index is still high.

The long upper shadow of the candlestick will be covered staggardly.

Together with last month candle,the pair is now a shooting star.