Unreassuring stimulus.

ON May 24, Robert Zoellick, president of the World Bank, issued a warning that the current global economic crisis could very well lead to serious social upheavals.

Unemployment is a big concern but political leaders in many countries are trying to reassure their voters that the worst may already be over and that they are going to see an upward economic trend in the not-too-distant future.

Many political leaders, on the other hand, are more concerned over their short-term political positions rather than with the long-term welfare of their societies. As a result, they tend to underplay the seriousness of the future economic and unemployment scenarios, fearing that it may negatively affect the perception of the public towards themselves.
To be fair, the reason politicians behave in this manner is largely due to the expectations of the voters, who are more concerned with their own short-term well-being than the long-term welfare of their societies.

As a result, governments worldwide are busy formulating economic stimulus packages despite the fact many of them are actually financially strapped and simply cannot afford them.

Tracking the Dow on Monday,24/08/09(Three weeks to Quadraple Witching)
Asian Index Futures Expiry:31/08/09.
9:30am:--Mild inverted bulls open.

Vacant earnings and economic calendars today.

10:30am:--An inverted hammer at first hour high.

Oil futures prices are up 0.5% to $74.25 per barrel in the first few moments of pit trade.

11:30AM:--After reaching at a high,the bearish hammer begins.

This session pullback sees hangman and graveyard dojis.

12:30noon:--Bearish doji spinning at bull's pivot.

Stocks have eased back from their midmorning highs, but they continue to sport healthy, broad-based gains.

1:30pm:--Bearish engulfing of day's opening bull.

This session's positive bias was set early on as foreign markets moved higher to help support a bid for the broad U.S. indices.

2:30pm:--It's now hoovering near morning session low.

Financials took the brunt of the latest round of selling.

3:30pm:--Day's low was set here and time for technical rebound.

Due to time factor at this moment,a rebound to MAV resistance line is impossible.Merely at the bear pivot.

4:00pm:--An indecision doji with a bullish hammer.

Buyers chased the stock market's recent advances for fear of missing out on future gains but there's a warning from New York University Professor Roubini about a double-dip recession in a Financial Times article.

The bulls are getting tired after four solid days of rampage right on time for the Asian index futures rollover.

They are having a hangover after seeing the shooting stars.Time for a pause and breather.

Overall August candlestick is still bullish.

The bull's 52 weeks resistance of 9,873.47 which is just 364.17 points from now is very likely to be achieved by next month.