Monday, January 4, 2010

Yemen the haven for drugs.

Yemen has a population of 20,727,063 (July 2005 est.) with its capital Sanaa.The main language is Arabic.
It mostly desert; hot and humid along west coast; temperate in western mountains affected by seasonal monsoon; extraordinarily hot, dry, harsh desert in east.
One of the poorest countries in the Arab world but reportedly has over 60 million handguns and small arms spread over a population of some 21 million people, while members of various tribes have gone upscale: they are armed with assault weapons, rocket launchers and submachine guns.(quote Yehya al-Mutawakil, a former interior minister)
Voted against Security Council resolution war against Iraq thus making the US angry.
Yemen is fast becoming a haven for al-Qaeda terrorists, along with Pakistan and Afghanistan.
The Haven.
Yemen is considered today the hub for drugs trafficked to the Gulf, as drug lords today feel it is easier to send drugs to others parts of the world through Yemen than any other country.
Last week tons of "Hashish" from Afghanistan found its way into Yemen.The idea of bringing tons of it from abroad only shows the quickness of its spread. Some government officials are even blaming Iran for the spread of drugs in Yemen, as they believe that Iran is easing the way for Afghan "Heroin" and "Hashish" to enter Yemeni regional waters. Yemen as a government has always loved the idea of blaming others for the chaos that takes place inside the country.
The Dow,monday 04.01.10 is 9 market days to index futures expiry.
Nikkei Expiry;4 market days.
9:30am:--A 50.0 points gap-up with ascending bulls.
10:30am:--Shooting star,hangman but no sign of pullback to fill opening gap.
11:30am:--Another session high with sign of bearish engulfing.
12:30noon:--Consolidation hour with bearish dojis.
1:30pm:--A double top with bears still in control.
2:30pm:--Higher open,bearish engulfing.
3:30pm:--Pullback near bull pivot.
4:00pm:--Looks like profit taking on signs of rebound.
A bright new year lift-off.Overseas bulls also lend the support. The December ISM Manufacturing data shows sign of improvements while the weakening US Dollar Index providing price support in both the stock and commodities markets.
There aren't any upcoming announcements that will act as catalysts to either extend the gains or cause a pullback, so any moves in the near future will likely arise from the stock market's own volition.
Today's candlestick has an unshaven bottom so the chances of trying to find a lower shadow is also very great.