Manipulating market with fear.

One moment there's news that the US is in a double dip,the next few days another announcement will say they's no fear of another recession.Manufacturing has expanded,applications for job benefits down and more stimulus coming.
It's a very confusing market where corporate and consumer confidence has been hurt by political squabbling over lifting the nation’s debt limit and the subsequent cut to the U.S. credit rating by Standard & Poor’s, which roiled equity markets.
Fed officials last month discussed a range of ways to invigorate the recovery after the economy expanded at a 0.7 percent average annual pace in the first half of the year, according to Federal Open Market Committee minutes released Aug. 31.
Fed Chairman Ben S. Bernanke said in an Aug. 26 speech in Jackson Hole, Wyoming, that the central bank still has tools to boost growth and that the economy will probably improve in the second half of 2011.
It's the same old musical chair song singing over and over again.You can have many quatitative easing and stimulus but the wound takes time to heal.
Tracking the Dow on Wednesday 31/8/11.

Economic events :Employment situation,consumer credit.

Dow index/option futures expire in 7 market days.

9:30am:--Bullish 80.0 points gap up.

10:30am:--Bearish hammer near session high.

11:30am:--MAV support,bearish harami.

12:30noon:--Retracement to bull pivot resistance.,shooting star.

1:30pm:--Hangman,graveyard doji.

2:30pm:--Bearish engulfing at MAV support breakout.

3:30pm:--Final hour bullish short-covering.

4:00pm:--Hangman.

The overall August candlestick has a trading range of 1,732.39 points.It's a bear market throughout with the ratings downgrade followed by the financial rout.

This situation of a crash happened annually around either August or September month before the anniversary of the October crash.

It also occurs before the presidential bankers meet at Jackson Hole.

In year 2008,similar crash pattern exist,2009 a mild one and 2010 triple blow.All happend during the middle of 3rd Quarter.Year 2008 is before Presidential election and now this year rout has been set one-year before the election.