Sunday, September 5, 2010

Mountain House bubble.

Samling, the giant logging company owned by the timber tycoon Yaw Teck Seng and favoured with numerous timber licences by the Chief Minister, Abdul Taib Mahmud, was at the heart of the housing bubble that led to the sub-prime mortgage crisis and the world economic crash, according to our exclusive research.
We have established that Mountain House, a major new-town development in San Joaquin California, currently labelled as the ‘epicentre’ of the housing crash, was a Yaw family project.
...continue http://malaysia-today.net/mtcolumns/from-around-the-blogs/34257-samling-at-epicentre-of-sub-prime-crash
...if being block by authorities:-http://groups.yahoo.com/group/beritamalaysia/message/114534
..Or
http://sarawakreport.org/2010/09/samling-at-epicentre-of-sub-prime-crash/
Tracking the Dow,Friday 3/09/10.Ten market days to index futres expiry.
Labour Day Holiday Monday,all market close.
9:30am:--Better-than-expected data on the labor market.Bulls strike 10 points homebase.
10:30am:--Session high pullback to MAV support line.Shooting star.Nonfarm payrolls fall by 54,000 in August, less than the 90,000 drop Wall Street had forecast.
11:30am:--Retrace to MAV resistance . 12:00noon:--It's consolidation time,spinning doji's slightly above the MAV support line.
1:30pm:--Bulls spike up.Energy stocks rose.
2:30pm:--Intermittent profit taking near day's high. The nation's unemployment rate ticked higher to 9.6% in August from 9.5% in July.
3:30pm:--A morning star doji. Cheap big financial stocks on the move.
4:00pm:--Ending the day with a bullish engulfing ready for the spillover.
We are now in the end of 3rd quarter of the year.The Dow crashes a bit early this year instead of the usual October month.
The overall first week Dow's candlestick has shown a very bullish pattern.
Players may come in with a fullforce after the Labour Day Holiday.
Overseas strength and better-than-expected economic data acted as the main drivers behind the buying interest.
The much anticipated August employment report marked the most important event of the week.