Friday, September 19, 2008

Witching Dow.

It's the first anniversary of the credit and housing mortgage turmoil and this week we are seeing the final chapter of the act---the financial turmoil.
Seems that the witches are having a great time destabilising the world's financial markets and cleverly choosing the right day and timing in this quaterly agenda.
The short-sellers are again the main culprits and these manipulators normally deal with index futures and stock options derivatives out to rob the financial system.
It's a daylight financial robbery and the mafias are the hedge-funds who are really abusive in practise and manipulating the markets in their favours and are willing to destroy their own country's economy.
TRACKING the Dow on Thursday 18/09/08
QUADRAPLE WITCHING DAY:19/09/08.


9:30am--180.0 points gap up.
The better than expected Philly fed reading helped the early boost.
10:30am--Shooting Star.
As usual the puulback at this time to fill the gap.
11:30am--Inverted hammer.
Worries about trouble at money market funds resurfaced.
12:30pm--Bearish hammer.
Failure to break the MAV earlier so another bottom hammering.U.S. jobless claims rose 10,000 to 455,000 in the week ended Sept. 13
1:30pm--Bullish marubozu.
Trading session is now reversing to morning high. The Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank announced coordinated liquidity measures for global markets.
2:30pm--Holding at day's MAV.
The current moment candlestick has turned bullish with a 100.0 points lower shadow.
3:30pm--The breakout.
A CNBC report late in Thursday's session said that Treasury Secretary Henry Paulson might be working on a Resolution Trust Corp.-type solution to the current financial crisis, which many observers have urged. The RTC was created to clean up the 1980s savings and loan mess.
4:00pm--Bullish harami.
The wicked witches of the Dow continues its mayhem.

The neckline or the breakout line is abot to be penetrated again.The Wed and Thurs pair of candlestick looks like a billish engulfing or can be interpreted as a bullish harami.A star is born.