Manipulating market with fear.

One moment there's news that the US is in a double dip,the next few days another announcement will say they's no fear of another recession.Manufacturing has expanded,applications for job benefits down and more stimulus coming.
It's a very confusing market where corporate and consumer confidence has been hurt by political squabbling over lifting the nation’s debt limit and the subsequent cut to the U.S. credit rating by Standard & Poor’s, which roiled equity markets.
Fed officials last month discussed a range of ways to invigorate the recovery after the economy expanded at a 0.7 percent average annual pace in the first half of the year, according to Federal Open Market Committee minutes released Aug. 31.
Fed Chairman Ben S. Bernanke said in an Aug. 26 speech in Jackson Hole, Wyoming, that the central bank still has tools to boost growth and that the economy will probably improve in the second half of 2011.
It's the same old musical chair song singing over and over again.You can have many quatitative easing and stimulus but the wound takes time to heal.
Tracking the Dow on Wednesday 31/8/11.

Economic events :Employment situation,consumer credit.

Dow index/option futures expire in 7 market days.

9:30am:--Bullish 80.0 points gap up.

10:30am:--Bearish hammer near session high.

11:30am:--MAV support,bearish harami.

12:30noon:--Retracement to bull pivot resistance.,shooting star.

1:30pm:--Hangman,graveyard doji.

2:30pm:--Bearish engulfing at MAV support breakout.

3:30pm:--Final hour bullish short-covering.

4:00pm:--Hangman.

The overall August candlestick has a trading range of 1,732.39 points.It's a bear market throughout with the ratings downgrade followed by the financial rout.

This situation of a crash happened annually around either August or September month before the anniversary of the October crash.

It also occurs before the presidential bankers meet at Jackson Hole.

In year 2008,similar crash pattern exist,2009 a mild one and 2010 triple blow.All happend during the middle of 3rd Quarter.Year 2008 is before Presidential election and now this year rout has been set one-year before the election.

Short-sellers heyday during the crash.

Short sellers are a major cause of market downturns, such as the crash in 1987 and the crash of August 2011.It's a premptive smear campaign being deliberately done to drive down the whole financial market just because of differences in ratings opinion of late.
The man in the street at the epicentre of the manipulators will be hurt more painfully than others who only feel the ripples.
The short-selling bans enacted in several European countries as a remedy for extreme volatility is also a good move temprarily.Short sellers will argue that they are here to boost liquidity and price movement otherwise market will be stagnant.This is also logical only if they do it in a transparent manner.
Joining in the shortselling ban is Turkey with intended move to curb short sales and threatened “severe penalties” for stock manipulation, joining nations from Greece to South Korea in trying to stem bearish bets after the worst tumble in global shares since 2008.
Shorting a stock is roughly the opposite to buying it. Technically you’re selling a security you don’t own and then waiting for it to fall so you can buy it back at a lower price, pocketing the difference.
Shorting shares is not, generally, a widespread activity amongst investors. There are multiple reasons for this. Many institutional investors aren’t allowed to short stocks due to their remit, most individual investors don’t short due to behavioural issues and fears of unlimited losses.
Instead of banning short-selling regulators ought to be focusing on what measures they could take to make it more popular.
Dow's Friday is 5 market days to index/options futures expiry.
Economic calender:-Retail sales,Business Inventories,Consumer sentiment. Asian market index futures expiry:13 market days to go.
9:30am:--Bullish 140.0 points gap up .
10:30am:--Early pullback to fill the opening gap.
11:30am:--Retracement to morning high.
12:30noon:--Pullback to session bull pivot support.
1:30pm:--Attempt to penentrate bull pivot resistance.
2:30pm:--Bearish spin at MAV support line.
3:30pm:--Holding firm at the MAV resistance.
4:00pm:--Bullish spike.
Chart shows the prelude to the big crash.
January:Shooting star at year 2010 high.
February:Near graveyard doji star.
March:Hangman
April:Bullish hammer.
May:Bearish Engulfing.
June:Bearish hangman.
July:Bearish inverted hammer.
August:Doomsday.