The founders are Germans.(NYSE:GS)

Goldman Sachs was founded in 1869 by German immigrant Marcus Goldman. In 1882, Goldman's son-in-law Samuel Sachs joined the firm.In 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co.The company made a name for itself pioneering the use of commercial paper for entrepreneurs and was invited to join the New York Stock Exchange (NYSE) in 1896.
In the early 20th century, Goldman was a player in establishing the initial public offering (IPO) market. It managed one of the largest IPOs to date, that of Sears, Roebuck and Company in 1906. It also became one of the first companies to heavily recruit those with MBA degrees from leading business schools, a practice that still continues today.
On December 4, 1928, it launched the Goldman Sachs Trading Corp. a closed-end fund with characteristics similar to that of a Ponzi scheme. The fund failed as a result of the Stock Market Crash of 1929, hurting the firm's reputation for several years afterward.Of this case and others like Blue Ridge Corporation and Shenandoah Corporation John Kenneth Galbraith wrote: The Autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves.
In 1930, Sidney Weinberg assumed the role of senior partner and shifted Goldman's focus away from trading and towards investment banking. It was Weinberg's actions that helped to restore some of Goldman's tarnished reputation. On the back of Weinberg, Goldman was lead advisor on the Ford Motor Company's IPO in 1956, which at the time was a major coup on Wall Street. Under Weinberg's reign the firm also started an investment research division and a municipal bond department. It also was at this time that the firm became an early innovator in risk arbitrage.
n 1969, Levy took over as Senior Partner from Weinberg, and built Goldman's trading franchise once again. It is Levy who is credited with Goldman's famous philosophy of being "long-term greedy," which implied that as long as money is made over the long term, trading losses in the short term were not to be worried about. At the same time, partners reinvested almost all of their earnings in the firm, so the focus was always on the future.That same year, Weinberg retired from the firm.
Another financial crisis for the firm occurred in 1970, when the Penn Central Transportation Company went bankrupt with over $80 million in commercial paper outstanding, most of it issued by Goldman Sachs. The bankruptcy was large, and the resulting lawsuits threatened the partnership capital and life of the firm. It was this bankruptcy that resulted in credit ratings being created for every issuer of commercial paper today by several credit rating services.
During the 1970s, the firm also expanded in several ways. Under the direction of Senior Partner Stanley R. Miller, it opened its first international office in London in 1970, and created a private wealth division along with a fixed income division in 1972. It also pioneered the "white knight" strategy in 1974 during its attempts to defend Electric Storage Battery against a hostile takeover bid from International Nickel and Goldman's rival Morgan Stanley.This action would boost the firm's reputation as an investment advisor because it pledged to no longer participate in hostile takeovers.
John Weinberg (the son of Sidney Weinberg), and John C. Whitehead assumed roles of co-senior partners in 1976, once again emphasizing the co-leadership at the firm. One of their initiatives was the establishment of the 14 business principles that are still used to this day.
On November 16, 1981, the firm made a move by acquiring J. Aron & Company, a commodities trading firm which merged with the Fixed Income division to become known as Fixed Income, Currencies, and Commodities. J. Aron was a player in the coffee and gold markets, and the current CEO of Goldman, Lloyd Blankfein, joined the firm as a result of this merger. In 1985 it underwrote the public offering of the Real Estate Investment Trust that owned Rockefeller Center, then the largest REIT offering in history. In accordance with the beginning of the collapse of the Soviet Union, the firm also became involved in facilitating the global privatization movement by advising companies that were spinning off from their parent governments.
In 1986, the firm formed Goldman Sachs Asset Management, which manages the majority of its mutual funds and hedge funds today. In the same year, the firm also underwrote the IPO of Microsoft, advised General Electric on its acquisition of RCA and joined the London and Tokyo stock exchanges. 1986 also was the year when Goldman became the first United States bank to rank in the top 10 of mergers and acquisitions in the United Kingdom. During the 1980s the firm became the first bank to distribute its investment research electronically and created the first public offering of original issue deep-discount bond.
Robert Rubin and Stephen Friedman assumed the Co-Senior Partnership in 1990 and pledged to focus on globalization of the firm and strengthening the Merger & Acquisition and Trading business lines. During their reign, the firm introduced paperless trading to the New York Stock exchange and lead-managed the first-ever global debt offering by a U.S. corporation. It also launched the Goldman Sachs Commodity Index (GSCI) and opened a Beijing office in 1994. It was this same year that Jon Corzine assumed leadership of the firm following the departure of Rubin and Friedman. The firm joined David Rockefeller and partners in a 50-50 join ownership of Rockefeller Center during 1994, but later sold the shares to Tishman Speyer in 2000. In 1996, Goldman was lead underwriter of the Yahoo! IPO and in 1998 it was global coordinator of the NTT DoCoMo IPO. In 1999, Henry Paulson took over as Senior Partner.

The Dow Thursday is 16 days to index/options expiry.Pivot day pullback Friday.

Asian Index Futures Friday last offer.
9:30am:--Opening gap up bulls strike.Latest jobless claims count above consensus.

10:30am:--Another bull spike,no sign of pullback to fill opening gap.

11:30am:--Another new session high with slight pullback.Europe's bourses up.

12:30noon:--Morning high established,bearish hammer sign.

1:30pm:--Graveyard doji,bearish hammer pairing up.

2:30pm:--Hangman and the bears are controlling.Financials and consumers stocks are supporting the index.

3:30pm:--Pulling back to the bull pivot support.Bearish doji star checking the advance.

4:00pm:--Hangman at the close.Sign of pullback to follow.

It's a short covering day,filling up previous Tuesday bearish candlestick but failing to penetrate the upper shadow.A weak bull.

The positive tone came after Greece, Portugal, and Spain saw their bond yields contract. Such a development is suggestive of calmed concern about the fiscal health of those countries, at least for the time being. The news also drove down the dollar, which closed with a 0.4% loss against competing currencies.

Infiltration and conspiracy by financial mercenaries.

"Hank the Hammer " Paulson, iconic Wall Street hero, a Trojan Horse placed inside Washington by Goldman Sachs as Treasury Secretary in control of America's $15 trillion economy. Goldman, a modern dynasty with vast financial powers much like those once used by the de' Medici, Rothschilds and Morgans to control nations.
One of the confounding aspects of bear market rallies is that the longer they last, the more likely investors are to expect a correction so Hank, Goldman and their army of Wall Street mercenaries move with equally blinding speed, heart-pounding action.
They blackmail the congress that unless US750 billion government loan is given out,a collapse of America's banking system was imminent,which would bring down the global monetary system, pushing the world's economies into a "Great Depression".So the almighty has to bow down to them.
From the A.I.G. bailout to the ban on short selling, how Goldman Sachs figures have played a role in Wall Street's biggest stories of 2008.Ed Liddy, the new C.E.O. of A.I.G., was Goldman’s vice chairman.During the financial meltdown, Goldman has huge $20 billion derivatives exposure at AIG.Suddenly his responsibilities at Treasury merged with a strong self-interest in protecting his personal fortune. AIG was "saved."
This is how the government is under seige by a bunch of financial mecenaries.
In May 2006, Paulson left the firm to serve as U.S. Treasury Secretary, and Lloyd C. Blankfein was promoted to Chairman and Chief Executive Officer. Former Goldman employees have headed the New York Stock Exchange, the World Bank, the U.S. Treasury Department, the White House staff, and firms such as Citigroup and Merrill Lynch.
By flushing out Lehman Brothers and Merill Lynch from the radar screen,on September 21,2008 they were one of the two remainder investment giant hence been accorded the "bank holding company".
In the United States, a bank holding company, as provided by the Bank Holding Company Act of 1956(12 U.S.C. Â 1841(a)(2)(A) et seq.), is broadly defined as any company that has control over a bank. All bank holding companies in the US are required to register with the Board of Governors of the Federal Reserve System.
The Dow Tuesday is 18 days to inedx/options futures expiry.
Asian Index Futures expire 30/04/10
9:30am:--A bearish hangman opener.
Goldman Sachs (GS) is scheduled to face questioning from a U.S. Senate committee today.
10:30am:--Session high ,bearish spinning top.The Consumer Confidence Index for April came in up at 57.9,
11:30am:--Bears stampede.Standard & Poor's downgraded Greece's debt to junk.
12:30noon:--Morning low,bearish mood and weakness remains widespread.
1:30pm:--Technical rebound to near session MAV resistance with futher bearish harami.
2:30pm:--Bearish hangman and dojis are hindering the bulls advances. FOMC's latest policy statement released.
3:30pm:--Bearish hammers.
4:00pm:--A slight bullish shortcovering.
Wall Street has a house cleaning day,wiping off the whole week gains.Tuesday's candlestick fall shy of hitting the bear pivot support hinting that it still wants to retain its bullishness.
For the past few days,the many spinning dojis with long lower shadow has been a concern.
We must be wary of those candlesticks with long lower shadow or gaps whereby the chances of filling it is very great over a period of time.
The infusion of Greece and Portugal downgrades by Standard and Poor today is similar to that day in 2008 where Goldman Sachs warned the Federal Reserve that America is going into recession.
Therefore prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.

Using US property tax model.

The skyrocketing property prices in China is the main big concern to the authorities. They are trying to evaluate the American model of property taxation.Introducing new or higher taxes on real estate can help cool down a booming property market now widely being described as a bubble.
The construction boom is the main driver of the current recovery in China, and is one of the few parts of the world economy growing strongly right now. Construction also underpins China's demand for raw materials, which has helped support global prices for commodities, such as copper and iron ore.
The current imposition of stamp duty, an income tax and a transaction tax are still not sufficient enough.Furthermore it's not a secure revenue for the local authorities in the longer term.
A more radical change would be to start levying an annual tax based on the value of people's homes—the kind of property tax that a homeowner in the average U.S. suburb would be familiar with.This can dampen speculative demand and to increase the costs of holding property for wealthy people.
In New York State, the real property tax is a tax based on the value of real property and there is no personal property tax, which is a tax on personal items, such as cars and jewelry.The amount of a particular property's tax bill is determined by two things: the property's taxable assessment and the tax rates of the taxing jurisdictions in which the property is located.Real property is defined as land and any permanent structures attached to it. A property's assessment is based on its market value. Market value is how much a property would sell for under normal conditions.

The Monday26/04/10 is 19 days to index futures expiry.
Asian Index futures expiry 30/04/10.

9:30am:--Strong earnings from Caterpillar (CAT 72.72, +3.94) boosted the opening,a gap up with an early opening slide on news Treasury selling part of 7 billion shares in Citigroup.

10:30am:--A shooting star near session high.Shares of Goldman Sachs (GS 153.43, -3.97) remain under stiff pressure.

11:30am:--A morning high with bearish spinning top.

12:30noon:--Pullback time to near MAV support,a slight bearish short-cover.

1:30pm:--Bears bringing index down to MAV support.

2:30pm:--A retracement to bull pivot hampered by a hangman.

3:30pm:--Sudden spike down to the bear pivot support.

4:00pm:--Closing at the day's bear pivot.Financials remain a primary source of weakness for the broader market.

A very choppy and volatile week as seen by the many doji candlesticks with long upper and lower shadow.Furthermore each has a white body reflecting the bulls in control,if it's a black body then have to watch out for the bears.

Investors shied from big-name banks ahead of a Senate vote expected this evening on reforms that could require Wall Street firms to spin off their derivatives-trading desks if they want to receive federal assistance in future crises.

Conflict of interest in government policy.

President Bush's nomination of Henry J. "Hank" Paulson to replace John Snow as Treasury Secretary is a practice that dates back to the Eisenhower Administration, when John Foster Dulles, whose law firm represented Goldman Sachs, was appointed Secretary of State.
In more recent history, Goldman Sachs co-CEO Robert Rubin instigated massive banking deregulation in the five years he served as Treasury Secretary in the Clinton Administration. Rubin quit in 1999 for a multimillion-dollar position at Citigroup. Around the same time, Jon Corzine lost an internal political battle as Paulson's co-CEO, rebounding first as the Democratic senator of New Jersey and now as governor.
Enter Hank Paulson, who has spent the past eight years as Goldman Sachs chairman and CEO. He joined the firm in 1974 after serving as a member of the White House Domestic Council in the Nixon Administration. Under Paulson's leadership, Goldman Sachs has become one of Washington's most generous patrons.
At that time Bush's approval ratings for his economic policies was hovering around 40 percent.Paulson's sole job essentially was traipsing up to Congress once a year and urging lawmakers to raise the US debt cap by another trillion dollars so there wouldn't be default on interest payments to China.
In a highly touted post-Enron-implosion speech at the National Press Club in mid-2002, Paulson urged reform in the financial system in three areas: accounting policy, standards of corporate governance and conflict of interest. "Conflicts are a fact of life in many, if not most, institutions, ranging from the political arena and government to media and industry," he said. "The key is how we manage them."

The Dow Friday is 20 days to index futures expiry.

Asian Index Futures expiry 30/04/10.Roll over short-covering to start.
9:30am:--Durable goods orders for March fell 1.3%,a bearish 20.0 points gap down.

10:30am:--Opening gap fully filled to session high with pullback to MAV support.Greece has requested financial aid from the EU and IMF

11:30am:--Bearish engulfing to near low.Concerns persist over the fiscal health of Portugal, Italy, Ireland, and Spain.

12:30noon:--A retracement to near session bull pivot resistance. Better-than-expected earnings from Schlumberger (SLB 71.84, +3.66) have attracted buyers into oil and gas equipment plays.

1:30pm:--Still hoovering at session bull pivot resistance ,a dragonfly doji noticed.New home sales for March surged 26.9% month-over-month .

2:30pm:--Another noticeable dragonfly doji.Energy shares are up 1.7%, the strongest performers of the day.

3:30pm:--Bulls are holding at morning session high.

4:00pm:--An indecision dolji at the close holding at the high of the day.

The Dow closed on its highs for the year, and finished higher for its eighth consecutive week.

It's a bullish week despite all the odds and negative news about Greece.

Next week will be another full week of earnings plus a look at GDP for the beginning of the year. The Fed is expected to hold rates early on and bank reform is set for debate. Also, Goldman executives head to testify on the Hill.

Any profit taking will be mild and near to the month's bull pivot.

The treasurer's secret meeting.

During that long summer between the collapse of Bear Stearns and the collapse of Lehman Brothers, Hank Paulson held a secret meeting with the board of Goldman Sachs in Moscow.

Andrew Ross Sorkin tells the tale of the meeting in his new book:- Too Big To Fail.
When Paulson learned that Goldman’s board would be in Moscow at the same time as him, he had [Treasury chief of staff] Jim Wilkinson organize a meeting with them. Nothing formal, purely social — for old times’ sake.

For the nearly two years that Paulson had been Treasury secretary he had not met privately with the board of any company, except for briefly dropping by a cocktail party that Larry Fink’s BlackRock was holding for its directors at the Emirates Palace Hotel in Abu Dhabi in June.

Anxious about the prospect of such a meeting, Wilkinson called to get approval from Treasury’s general counsel. Bob Hoyt, who wasn’t enamored of the “optics” of such a meeting, said that as long as it remained a “social event,” it wouldn’t run afoul of the ethics guidelines.
Still, Wilkinson had told [Goldman chief of staff John] Rogers, “Let’s keep this quiet,” as the two coordinated the details. They agreed that Goldman’s directors would join him in his hotel suite following their dinner with Gorbachev. Paulson would not record the “social event” on his official calendar.
Come on in,” a buoyant Paulson said as he greeted everyone, shaking hands and giving bear hugs to some.
For the next hour, Paulson regaled his old friends with stories about his time in Treasury and his prognostications about the economy. They questioned him about the possibility of another bank blowing up, like Lehman, and he talked about the need for the government to have the power to wind down troubled firms, offering a preview of his upcoming speech.

How on earth did Paulson think this was OK? Goldman Sachs was a hugely powerful for-profit investment bank, and there he is, giving private chapter and verse on his opinions about the US and global economy, talking about internal Treasury matters, and previewing an upcoming (and surely market-moving) speech. All in secret, at a “social event” which somehow got kept off his official calendar. Oh, yes, and one other thing — the whole shebang took place in the Moscow Marriott Grand Hotel, in the context of Goldman directors joking about how all the Moscow hotels were surely bugged.
This is sleazy in the extreme, and will only serve to heighten suspicions that Paulson’s Treasury was rigging the game in favor of Goldman all along. (It’s also a bit peculiar, to say the least, that the only two times Paulson met with private-sector boards he was out of the country, and arguably outside US jurisdiction.)
You might recall that trip to Russia. It was a disaster. Paulson had gone to encourage Russian investment in the US economy, which was rapidly sliding into a recession. He wound up just being mocked by Russian officials.
Tracking the Dow on wednesday.21/04/10

Asian Index/Options Futures is 7 days to expiry.Rollover contracts to start.

9:30am:--Mild bullish gap-up.Earnings remain the focal point of participants since there are neither economic releases nor Fed speakers scheduled for today.
10:30am:--After reaching early high,pullback to near opening.
11:30am:--Bearish hammer ending the morning session low.
12:30noon:--A retracement to session MAV resistance.
1:30pm:--A pullback with a bull trap.
2:30pm:--Indicies spike down to a low.
3:30pm:--Retracement to the bear pivot resistance.Bullish inverted candlestick.
4:00pm:--Spinning at the MAV resistance line.A graveyard doji and an indecision doji.

A very choppy trading day.A hangman candlestick pattern was formed.It has a white bullish upper body and a longer lower shadow which might be used to cover half of it as a pullback.It can also be transformed into a dragonfly doji.
Investors had more questions after Greece's borrowing costs rose to record levels. There is unease that the country could default on its debt and trigger losses in other markets

Short-selling is their ultimate motive.

With this ongoing fraud case against Goldman Sachs,the world's financial markets are going to ponder whether Goldman Sachs and their henchmen around the globe are a real bunch of financial market terrorist.When their analyst gives you a good ratings,better pack up and go before they catch you with your pants down.
They are unscrupulous,cruel and inhumane for the sake of their own coffers and bonuses.Don't ever get scammed by them in their trust management which on the whole are not transparent.During the world's market financial turmoil,they even boasted that there were unscathed.On October 15, 2009, Goldman Sachs chief executive Lloyd C. Blankfein confirmed that its annual bonus pool had soared above $23 billion — the highest figure for bonuses in the company's history and double the 2008 figure.
It has been evident for some time that the ongoing speculative attack on Greece, along with such other countries as Spain, Ireland, Portugal, and Italy, was not primarily a reflection of their economic fundamentals, nor yet a spontaneous movement of “the market,” but rather an orchestrated action of economic warfare.This is what emerged during the first week of December with a speculative assault or bear raid against Greek and Spanish government bonds as well as the euro itself, accompanied by a scurrilous press campaign coming from inside the bowels of Goldman Sachs.
Nor was this the only cabal in town intent on attacking the euro through the week Greek flank. The article cited suggests that GlobeOp Financial Services and Paulson & Co. are also piling on. The zombie banks were also heavily engaged. The article reported that Goldman Sachs, Bank of America-Merrill Lynch, and Barclays Bank of London were also assisting speculators in placing highly leveraged bearish bets against the euro. Note that these zombie banks are alive today because of US taxpayer money, in Barclay’s case through AIG.
Lately when foreigners are now allowed to own 70 percent(previous 49%)of stockbrokers and retail unit-trust management companies in Malaysia, Goldman Sachs Group Inc. has
set up a fund management and corporate finance advisory operations.Malaysia aka "Bolehland" ("boleh"is a malay word for everything possible) has the reputation of being always the best ranging from sending a team to Mount Everest,sending a passenger on a Russian Spacecraft,terminating a human subject with a C4 explosives etc.
So over here,Goldman Sachs and local listed company have made an aborted fictitious deal and thereby shorting down the price.This particular company also has government agency
major shareholders.That's a real corrupt practise using media publicity to lure market fools.
The Dow Monday,the beginning of April Index/Options Index futures month.
Asian Index Futures is 9 market days to expiry.
9:30am:--A bullish hangman open,just a hangover of the Goldman Sachs fraud case.
10:30am:--Session high pullback with a hangman doji at session MAV support.
11:30am:--The opening bell lower candlestick shadow has now been covered halfway.Bearish hangman.
12:30noon:--Morning low has been established so now it's easy to see their next move.A bullish retracement.
1:30pm:--A retracement to the bear pivot resistance met with a bearish doji star.
2:30pm:--Aggressive ascending soldiers. Leadership from the financial sector helped.
3:30pm:--Another high,spinning top.
4:00pm:--Bullish close with a new high.

The previous day's big pullback has now been short-covered halfway and the other half will be covered soon.
The market had struggled throughout the session as investors weigh the fallout from the Goldman charges and a renewed push for financial reform against beats on both leading indicators and Citigroup's earnings.
Goldman is scheduled to report earnings Tuesday morning and is expected to blow the lid off of expectations.

The crash of the Titan.

It's the Goldman Sachs news that gave investors a reason to sell and take some profits on Friday. Federal regulators have filed civil fraud charges against Goldman Sachs over its dealings in subprime mortgages.
The SEC charged Goldman and one of its vice presidents with failing to disclose key information to investors regarding complex mortgage-backed securities.The charges come as the Obama administration seeks greater regulation of the nation's banks and their trading of exotic securities like those involved in the Goldman case. These kinds of investments are widely seen as one of the triggers of the financial crisis that crippled the nation's financial system in the fall of 2008.
Paulson & Company,the hedge fund helped Goldman structure the deal and then bet against it, making huge profits when the housing market fell in 2007. But Goldman didn't tell investors that the hedge-fund firm was involved in putting the deal together, or that it was betting against the structure.


But Paulson was let off the hook because Goldman made representations to investors, and Paulson did not.By right he should also be charged as an accomplice and also insider trading.
The firm has grown quickly in recent years and now oversees more than $30 billion in assets, making it one of the largest operators in the $1.5 trillion hedge-fund industry.
These blood suckers have caused the world's financial markets worldwide to go backward to the time tunnel.
The Dow on Friday is Index/Option futures expiry day.
9:30am:--Open with a bearish hammer.Overseas also down.Asia's property bubble,Europe's Greece bailout problem & US Google financial report a big question.
10:30am:--Session high with a bearish harami.Annualized housing starts for March increased 1.6% month-over-month
11:30am:--Bears spike down.
12:30noon:--Morning session low established.Preliminary Consumer Sentiment Survey for April from the University of Michigan shows the worst result.
1:30pm:--A slight indecision doji near the low.Goldman Sachs (GS 165.40, -18.87) has been charged by the Securities Exchange Commission with fraud related to subprime securities.
2:30pm:--Ascending soldiers attempt to lift it up but failed to test the MAV resistance.
3:30pm:--Pullback to bear pivot.Bullish spin noticed.
4:00pm:--Hit the MAV reistance,ending with 3 black crows.
The overall April's candlestick is still in a bullish mode.The slotting of Goldman Sachs news is a pre-emptive strike to checkmate the aggresive bull and an excuse for profit taking on this index futures expiry day.
I also suspect that the Treasury is also unloading its large containers of Citigroup shares systematically without market suspicion.Citigroup will be announcing its earnings on Monday.
The bears on Friday were overwhelmed by the bulls in the last minute by bringing the index up very close to the MAV resistance.

Modern world and not third world.

The term Third World arose during the Cold War to define countries that remained non-aligned or not moving at all with either capitalism.

So NATO is the first world while Soviet Union or communist countries refers to as second world.

The old concept of "ThirdWorld" no longer applies and rich countries cannot impose theirwill on developing nations that are now major sources of globalgrowth, World Bank chief Robert Zoellick said on Wednesday.

He said economic progress in developing countries hadprofound implications for global cooperation, multilateralismand the work of institutions such as the World Bank.

The shifts in the world are not only in China and India, he said. Sub-Saharan Africa is set to grow by an average of over 6percent to 2015 while South Asia, where half the world's poorlive, could grow by as much as 7 percent over the same period.

The growing use of the term Developing World led to a growing sense of solidarity among the nations of the so-called Third World to unite against interference from either major bloc.
A number of Third World countries were former colonies and with the end of imperialism many of these countries, especially the smaller ones, were faced with the challenges of nation and institution-building on their own for the first time. Due to this common background a lot of these nations were for most of the 20th century, and are still today, "developing" in economic terms.

The use of the terms First, the Second, and the Third World is a rough, and it's safe to say, outdated model of the geopolitical world from the time of the cold war.

The Dow is 2 market days to index/options futures expiry.
9:30am:--Advance retail sales for March increased 1.6%, which exceeded the 1.2% thereby boosted the opening.

10:30am:--The March Consumer Price Index increased 0.1% month-over-month,pullback to session MAV support with bullish short covering.

11:30am:--Upbeat tone by a batch of better-than-expected earnings and data,session new high with bearish pullback.

12:30noon:--Bullish engulfing,Intel (INTC 23.45, +0.68) and JPMorgan Chase (JPM 47.42, +1.55 providing leadership.

1:30pm:--Hoovering at high again.The Fed just released its Beige Book, which is a compilation of anecdotal economic data, but market participants haven't shown much, if any, reaction.

2:30pm:--Index pounced higher.Fed Chairman testimony on unemployment.

3:30pm:--Ascending soldiers.Investor favor for financials.

4:00pm:--Shooting stars.Time for a breather.

An unshaven candlestick is where the top and bottom have no shadow.A bullish situation requires a pullback,while a bearish position needs a retracement.

The stock rally continues in the 5th session. Fed Chairman Ben Bernanke told Congress that he is confident the economic recovery will have staying power but won't be strong enough to bring quick relief on the employment front.

Richmond Fed President Jeffrey Lacker said he is looking more closely for indications that the Fed should begin raising interest rates after a long period of easy money.

A pledge or a bluff.

It is very easy to pledge but all these has not been translated into real terms as yet.Henceforth the world's financial market has been taken for a bumpy ride by those holding the joker card.
Euro zone governments similarly hoped that their pledge of financial support for Greece meant that they would not have to follow through with actual check-writing. When it became increasingly clear that this approach was not going to work, serious disagreements and coordination problems between euro zone governments (and within some governments) made it difficult to replace the vague pledge with a strong commitment and hard cash.
Now, two months after the European Union (E.U.) leaders made their pledge of support for Greece, the euro zone finance ministers have finally filled in most of the blanks. They pledged EUR30bn of support for Greece over the next 12 months with the prospect of additional support from the International Monetary Fund (IMF). Within Europe, as and when Greece asks for the support, it will come pro rata from its euro zone partners based on their size. Jean-Claude Juncker, Luxembourg’s prime minister, said that the euro zone countries now have a “loaded gun” on the table if the market does not cooperate.
There are still a lot of technical, operational and political uncertainties. The gun is loaded but it has not been fired yet.
Moreover, Greece is not alone within the euro zone in needing to make a difficult fiscal adjustment and having a competitiveness problem versus Germany and other northern European nations. Given how difficult it has been for Germany, France and the other E.U. partners to come up with a support package for Greece, the possibility of a number of euro zone members needing support simultaneously is a worrying prospect.

The Dow Monday is 4 market days to index/options futures expiry.

9:30am:--The planned offering of aid to Greece from the EU boosted the early opening.
10:30am:--Bearish engulfing.Hoovering near session high.
11:30am:--Pullback to session bear pivot.Bullish hammering of current bottom.Amid uncertainty regarding the health of corporate profits, market participants kept a cap on gains.
12:30noon:--Retracement to bull pivot.bullish spin.
1:3opm:--A new session high.Shhting star.
2:30pm:--Pullback to near MAV support,graveyard doji.
3;30pm:--Bearish marubozu.The International Monetary Fund aims to come up with a plan of its own for Greece.
4:00pm:--Retrace to MAV resistance.Attempting to light up again.
A very choppy trading day. News of aid for Greece and a dip by the dollar helped the broader equity market continue its upward trend, such that it even set a slightly improved 52-week high as it advanced for its sixth time in seven sessions.
Monday's session ended with a spinning top but on the upper shadow of previous day.Chances of resuming the uptrend is still intact.Three days before the expiry index futures will see another volatility with profit taking before it stage another rebound.

Extended low rates.

Federal Reserve policymakers are worried that the economic recovery may lose steam going forward, despite recent moderate improvements, according to minutes from their recent policy meeting released Tuesday.
While the latest data support strengthening economic activity, Fed members believe a variety of factors will likely restrain the overall pace of the recovery, the minutes from the March 16 meeting said.
At the meeting, the Fed's Federal Open Market Committee continued to hold the target for the key interest rate, the federal funds rate, between 0% and 0.25%, and repeated that rates will stay near the historical low for "an extended period." The key rate is used as a benchmark for how much banks charge consumers and businesses for loans.
A number of policymakers "pointed out that the economic recovery could not be sustained over time without a substantial pickup in job creation, which they still anticipated but had not yet become evident in the data."
Last week, the Labor Department said the economy gained 162,000 jobs in March, more than any other month in the last three years.
Fed members also highlighted concerns over the housing market, where gains are "leveling off" despite government support such as the homebuyer tax credit, and said commercial and industrial real estate markets continue to weaken.
The Dow is 7 market days to index/options futures expiry.Rollover contracts about to start.Volatile.
9:30am:--Bearish gap down.A stronger dollar also pressured stocks.
10:30am:--Opening gap down refilled half body,now holding at its low with bearish hammer.
11:30am:--After reaching morning low,a rebound to session MAV resistance met with further bears.
12:30noon:--Consolidation time.Holding around session MAV,sign of inverted hammer.
1:30pm:--Rebounded to near high,double top with an evening star.
2:30pm:--Bearish hammer at the low.
3:30pm:--Finally the day's low was formed with a morning star.
4:00pm:--Bullish shortcovering to follow.

Falling energy prices and renewed fears of a Greek debt default tanked Wall Street on Wednesday but some late earnings announcements had a few stocks moving after the closing bell.
April month begins on bullish note,hence Seven(7) days before index futures expiry will be bear.
The market makers again use Greek fears as a hammering excuse since there's not much of US negative news.They still have their cards,the Portugal fear and interest rates anxiety.

Oil price,inflaton and interest rates.

Crude oil surged to the highest level in 17 months as growth in American jobs and service industries signaled that the economy is recovering from the worst recession since the 1930s.
The U.S. is the world’s largest energy-consuming country. Prices surged to a record $147.27 a barrel in July 2008 as the recession worsened and demand waned. They subsequently fell to $32.40 a barrel in December 2008.
The price of oil and inflation are often seen as being connected in a cause and effect relationship. As oil prices move up or down, inflation follows in the same direction.
The impact will be greatest when a country is (a) a large-scale importer of oil and (b) has many industries that use oil as an essential input in the production process.
Of greater impact are the knock-on effects of increased costs through the supply-chain. The second-round effects on inflation are more complicated, as businesses pass through higher costs. A doubling in oil prices would have many other inflationary effects: increasing the cost of heating oil and aviation fuel, plastics, chemicals, as well as raising the material costs of all firms (which would likely be passed onto consumers).
Firstly, an increase in inflation acts to reduce the growth of real incomes putting downward pressure on consumer demand. Higher inputs costs will also squeeze company profit margins which together with a slower growth of demand will lead to cutbacks in planned investment spending.
The monetary policy authorities might respond to rising oil prices by increasing short-term interest rates which acts to dampen down spending. A rise in interest rates is by no means automatic, because the Bank of England for example takes a full range of inflation indicators into account when setting interest rates. But if policy is tightened, we would expect to see slower economic growth, a possible rise in unemployment and a diminution in the ability of workers to ask for pay increases that keep pace with inflation. Deflationary policies designed to control cost-push inflation will have the effect of reducing real national output below potential (creating a negative output gap). Indeed if a slowdown becomes a recession, then the demand for oil will decline putting downward pressure on international oil prices.
Meanwhile, Australia’s central bank again raised its benchmark interest rate to 4.25 percent and signaled further increases, dismissing warnings that higher borrowing costs are already eroding consumer spending.

The Dow Monday is 9 market days to index/options futures expiry.

Nikkei futures expiry 4 market days to go.
9:30am:--Bullish spillover open but was immediately pulled back as returning holiday participants took profits.

10:30am:--Bullish sentiment continues to find session high,bullish dragonfly doji seen.

11:30am:--Pulledback to bullpivot,bearish hangman noted.

12:30noon:--Hoovering at the bull pivot.Bearish dojis.

1:30pm:--Bearish shooting stars.

2:30pm:--After hitting the MAV support,a technical rebound,spinning indecision dojis.

3:30pm:--A graveyard doji star and another attempt to hit the MAV support line.

4:00pm:--Bullish retracement but with a hammering warning sign.

Market participants have pushed the stock market to a fresh 52-week high as a positive bias continues to permeate trade.

Energy led the commodities space and equity markets higher this session. The move higher has been attributed to better-than-expected economic data (this morning and Friday's Nonfarm payrolls). A generally positive reaction to the jobs numbers helped give the major equity averages a positive start to the session.

Laotian state bank.

BANQUE POUR LE COMMERCE EXTERIEUR LAO is a wholly owned State Bank, established in 1975 at the same time when the Lao People's Democratic Republic was declared.
Like in most transition economies BCEL is moving forward to meet the Financial Sector Development challenges facing the Lao PDR economy supporting the growth of the tourism industry.
BCEL is Lao PDR's main International Services Bank with Correspondent Banking Arrangements with major money centre banks and 100 other banks throughout the World.
From 1976 to 1989, the BCEL operated as a specialized branch of the formerly State Bank ( Central Bank ) of the Lao PDR and was assigned the monopoly of and limited solely to international banking activities. It was also assigned the management of assistance grants and loans provided by foreign countries and international organizations to the Government of Lao PDR.
Banque pour le Commerce Exterieur Lao (BCEL): is the most prestigious state owned commercial bank in Laos with a 40% market share. BCEL ’s network covers most of Laos and almost every major companies in Laos are clients of BCEL
The Dow on Thursday is 11 market days to index/options futures expiry.
The Nikkei is 6 market days to expiry.
9:30am:--A 120.0 points bullish spike up aided by China reaffirming its loose monetary policy.
10:30am:--Early session high and the pullback to near opening.A hangman.
11:30am:--A bullish hammer of the downtrend.
12:30noon:--Holding at the bull pivot with bearish sign.
1:30pm:--A bearish doji spin.
2:30pm:--Bears hammer at the MAV support.
3:30pm:--Retracement,bullish engulfing.
4:00pm:--Bullish close.
The ISM Manufacturing Index for March came in at 59.6,exceeds the reading of 57.0
Given that the stock market will be closed tomorrow and the jobs report possesses a degree of uncertainty, many market participants were compelled to square their bets. That gave way to some selling and, in turn, an afternoon slide, which was likely exacerbated by the light trading volume ahead of the holiday weekend.