Monday, April 19, 2010

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.