The scenerio of the recent financial wreckage has caused an unprcedented pain and suffering to we fellow investors and traders alike.The saviour of the day is still Fed Chairman,helicopter Ben who made an emergency 0.75 percentage rate cut salvo to halt the collapse of the once powerful economic powerhouse.
Otherwise which the magnitude of the financial holocust will cause another domino effect which will ripple throughout the financial world.This is the most drastic worldwide index losses the financial world has ever seen all this while and to my experience.
Thursday 17 January'08 (DowDOWN 306.95 points) has been the eve of the Dow's December'07 index & options futures expiry.It coincides with the last day of the 10 years cycle of the stock market CRASH.(previously 1997).Seems that the stock market has been deliberately been done before a President leaves office so that it become a memorial.Previously President Clinton left with the Dot-Com bubble.We investors tend to forget all this so that's where we are all left in the lurch in today's market.So its time to start from the ashes again.
While the U.S market was closed on Martin Luthers holiday,the Dow index futures which is open for trading has given market manipulators a good opportunity to take the time differences to threaten Asia-Pacific financial markets by playing down a hefty over 600 points losses thus creating a panic.There must be an upper hand behind this set-up.Very,very well syncronized.
Tracking wednesday's Dow.23 January 2008.
A very big swing ,a total of 631 points.The final closing bell sees a small bullish inverted candlestick on the back of an advancing helicopter's Ben apache gunship.The Main Pivot is just nearby and it'll break into the bulls county.
The engulfing bullish candlestick has covered Friday's half upper shadow.A sheer good sign that it's going to light up further.