Sunday, July 12, 2009

Obama's half-brother.

Mark Ndesandjo is the son of Barack Obama’s late father and his third wife, an American woman named Ruth Nidesand who runs the up-market Maduri kindergarten in Nairobi.
Obama, however, refers to him simply as “my brother” and says he was the only uncontested heir after their father, a Kenyan, died in a car crash in 1982.
His half-brother submerged himself in the crowds of the most cosmopolitan city in China. Friends say he has a long-term Chinese girlfriend in her 20s from Henan, a poor landlocked province that sends millions of migrants to the coastal cities.
He lives in Nanshan, a brash new district of high-rises and streets teeming after dark with young migrants eating spicy street food and cramming into bars, karaoke joints and massage parlours.
Ndesandjo, who had an elite education in the United States, collecting a degree from Brown University, a masters in physics from Stanford and an MBA from Emory, did not share Obama’s emotional view of his roots.
Barack Obama senior fathered eight children by four different women.
(source:timesonline.co.uk by Michael Sheridan Shenzhen, China )
Tracking the Dow on Friday,10/07/09.(4 market days to Index Futures Expiry)
9:30am:--Opening slide of 40.0 points followed by bullish spin within the body.
A disappointing consumer sentiment number provided by the University of Michigan got in the way.
10:30am:--Opening gap-down being completely filled with a double top.Bearish hammer.
The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month.
11:30am:--The morning session low with the bull being checkmate by the bears but managed to squeeze through.
Treasury Secretary Timothy Geithner said Friday the Obama administration's economic stimulus plan is on the "expected path."
12:30noon:--A technical rebound to MAV line usually at this time.
The Treasury Department is selling its financial stakes in bailed-out banks for one-third less than they're worth, potentially shorting taxpayers up to $2.7 billion, a bipartisan congressional watchdog says.
1:30pm:--After touching the MAV line, a slight pullback but still bullish.
Benchmark crude oil for August delivery fell 52 cents to settle at $59.89 a barrel on the New York Mercantile Exchange, but at one pointed traded as low as $58.72.
2:30pm:--Another pullback but again the bulls provided the support.
Investors have sent major indexes down about 7 percent since mid-June on the belief that a more than 40 percent run-up in stocks this spring was unwarranted considering the problems that still plague the economy such as rising unemployment and flagging consumer confidence.
3:30pm:--It's injury time,the indicies are holding strong near the MAV.A morning star seen.
Expectations are generally low for the news expected to come out of the second-quarter earnings season.
4:00pm:--The bulls have taken it up above the MAV line and hold it securedly in the bull county but the triple doji stars are blowing off the lighted candle again.
An extremely low trading volume equivalent to that of 1st day of July.
The overall candlestick for July is now very bearish.
Any rebound will be shortlive and to struggle to reach the MAV is still promising but difficult task.
The spinning dojis at the bottom of the bearish Tuesday candle is a signal of short-covering to come near Dow futures expiry day.