Thursday, October 23, 2008

Scary & Halloween October.

October is a month of surprises. The stock market plunge was an early October shocker, and the month isn't half over. At month's end, all ages enjoy the unexpected tricks and treats of Halloween.
The Halloween Indicator, 'Sell in May and Go Away': Another Puzzle
About:-HALLOWEEN INDICATOR
Damm-it!!We're all being caught by the higher financial authorities who has pre-planned this FINANCIAL TSUNAMI of the century.

Tracking the Dow On Thursday 23/10/08.(*8 DAYS TO HALLOWEEN DAY)
9:30am:--Mild Gap Up.
Investors managed to put together an early morning advance, despite the fact stock futures suggested a downward start in premarket trading.
10:30am:--Spinning bottom.
Energy (+2.6%) continues to lead the major indices.
11:30am:--Bullish hammer.
Goldman Sachs (GS 107.58, -7.13) will be cutting 10% of its workforce and Dow Jones indicated that General Motors (GM 6.21, +0.02) will be making layoffs of salaried employees.
12:30am:--Hangman.
Investors remain fretful over the health of the economy and, in turn, company prospects
1:30pm:--Shooting star.
Losses have become the most severe in the financial sector (-3.1%). Every one of its industry groups is trading with a loss.
2:30pm:--Hangman.
Trading session is getting more erratic.
3:30pm:--Graveyard doji.
The Dow looked as if it were going to stage a late-session rally as it is trying to pierce through the MAV.
4:00pm:--Shooting stars & Hangman.
Caution,the long white bar that carries it up might be covered back.
Thursday's attempt to recover was weak and ended with a long lower shadow which risk being covered back again.
They are trying to prolong it till end of the month being the grizzly Bearish Halloween Blood sucking day.