Mergers and Acquisitions

Huge merger and acquisition news will be in the spotlight again.The latest being Warren Buffet and Mars Inc. offering $23 billion for Wrigley.Kurk Kerkorian's Tracinda fund considering to substantially up their stake in Ford and Microsoft vying to take over Yahoo!

All these M&A will soon transform the beneficiaries into a global leader economic powerhouse.

Tracking the Dow on Monday,28/04/08.

9:30am--A 25.0 points gap-ups.Not much of economic news.

10:00am--The gaps have been fully covered early and a low being set.At this stage the MAV=(,920+,860)/2...will get 12,890.Open a long position to sell anything above MAV.

11:00am--Take profit. Saw the hangman and shooting stars(10:30am)

12:00noon--Into the 2nd session of trading.Ha,a spinning bottom at the MAV.Should I buy again?How to determine?The morning candlestick pattern overall is a white spinning doji and no real high set as yet,so move in without hesitation.

1:00pm--Another shooting star@12:30pm,clear earlier position wait to gauge again,very highly volatile today.

2:00pm--The day's high was flagged here,so it's time to short-sell the market.

3:00pm--Index still hoovering at a wide distance from MAV which I'm expecting to close position around here.Ha,,news just in Warren Buffett,the new 'chewing gum man' wriggle the market.He frightened the floor traders,quote:"the American recession is going to be a long and winding one"

4:00pm--His mouth is venomous,the market dived at closing bell.Closed position with hefty gains.

The bearish engulfing spin in Friday's candlestick body.Be wary of the long lower tail which is subject to coverage.