The Dow's crash anniversary.

It was 6th of March in the year 2009,the US market tumbled below 6,600 for the first time since April 1997, it fell 281.40 points, or 4.1%, to 6,594.44.

The culprit is the beleaguered auto giant General Motors aided by its accomplice JPMorgan Chase’s giving it a bad credit rating cut.

It's a real bloodbath rattling throughout the world financial markets like a domino.

It also happens during the transition period of a newly elected US President.Bush passes the baton at 7,400 points while Mr Obama completed the 100th days finishing line with the spike down to usher in the new millenium of his Presidency.

TODAY,the 5th of MARCH 2010 is exactly close to one year being the anniversary of the Leap Year Dow crash.The Dow has just surpassed the 52 weeks bull pivot resistance and the previous high of 11,022.10 points will be achievable maybe in the next 100th days.

The Dow,Friday 5/01/10 is 10 market days to Quadraple Witching.
The Nikkei Futures expires in 5 days time.

9:30am:--A 50.0points bullish spike up.

10:30am:--No sign of opening gap-up being filled,an inverted bull within the upper shadow looking for futher light.

11:30am:--A slight pullback at session high holding above bull pivot.

12:30noon:--Consolidation time but still held steady at bull pivot support line.

1:30pm:--The second hour bulls still holding its breath at the bull pivot.

2:30pm:--The third time still holding at bull pivot and this time an inverted powerful bull sighted.

3:30pm:--The high of the day being established followed by mild profit taking.

4:00pm:--Ending the day with a bullish harami.
Friday's positive mood was aided by the government's official Nonfarm Payrolls Report which showed 36,000 job losses for February.(actual consensus 68,000)

The Federal Reserve reported that consumer borrowing rose by $4.96 billion in January, surprising economists who were looking for borrowing to decline by $4.5 billion. It was the first gain after a record 11 straight declines and it was the largest increase since July 2008.

Technically,the 52 weeks bull pivot resistance has been pierced through and the bullish strength is likely to be maintained except for some intermittent air-pockets descend.