Friday, July 16, 2010

A fight for wrong ideological reason.

Women in Taliban-held areas of Afghanistan say they are once again being threatened, attacked and forced out of jobs and education as fears rise that their rights will be sacrificed as part of any deal with insurgents to end the war in Afghanistan.Women have reported attacks and received letters warning of violence if they continue to work or even contact radio stations to request songs.
One female teacher at a girls' school in a southern Afghan province received a letter saying: "We warn you to leave your job as a teacher as soon as possible otherwise we will cut off the heads of your children and will set fire to your daughter."
Another woman, Jamila, was threatened in August 2009, in a letter bearing the Taliban's insignia when she was working for a local electoral commission. It said: "You work in the election office together with the enemies of religion and infidels. You should leave your job otherwise we will cut your head off your body."
Jamila ignored the letter, but days later her father was murdered. She left her job and moved house.
The Dow on Friday is Index/options Expiry day for June Contract.
Asian Index Futures Expiry:30/07/10.(4 market days to sign of rollover contracts)
9:30am:--Opening near 100.00 points bearish gap down.Unshaven candlestick top.
10:30am:--Bearish hangman at session low.Market participants continue to shrug off earnings.Total CPI for June slipped in step with expectations.
11:30am:--Another session low.Bearish Harami. Preliminary Consumer Sentiment Survey for July from the University of Michigan dropped to 66.5 from 76.0 in the prior month.
12:30noon:--Hammer at another low.Weakness remains worst among financial stocks.
1:30pm:--A slight technical rebound,too late for any aggressive action. Goldman Sach has been helped by news that the firm will pay $550 million to settle charges levied by the SEC.
2:30pm:--Hangman again at the low.
3:30pm:--Low of the day finally stalled the slide.Google (GOOG 468.69, -25.33) became the first major name to miss Wall Street's consensus earnings estimate.
4:00pm:--Closes near day's low but a bullish harami pair was seen.
Somehow or rather the latest market trend at Wall Street is to jeck up a false bull till its peak before the index/options expiry and therafter carpet bombing all the earlier gains wiping it all.
On Friday it has taken it down right to July month MAV support line.This has been recurring for quite sometime now so the market is now a Hit-and Run situation.
Volatility will be still high till the day of October crash anniversary before we can see any genuine bulls.