High tech war on investors.

A PC can be an investor's best tool. But as a vast high-tech arms race unfolds, big brokers and hedge funds are using their computers to take unfair advantage.
These advances brought democracy to Wall Street, leveling the playing field between everyday investors and the insiders.
But on the other hand, computers are ruining investing for the average investor.
You won't be surprised that your home computer pales compared to systems honed by the Wall Street elite at places like Goldman Sachs, Citadel Investment Group and Renaissance Technologies. But you might be surprised at what they do with those systems to get an edge over you:
1. High-frequency trading :--Scour the markets for opportunities and make millions of trades in less time than it takes you to hit the "enter" key.
2. Flash orders :--Take advantage of exclusive "flash orders" to trade stocks at better prices than you'll ever see.
3.Dark Pools:--Fish for profitable stock bargains inside exclusive trading venues called "dark pools," where you'll never swim.By connecting big players inside exclusive electronic trading venues.
Overhanging this rapid-fire environment is the risk it could create a serious market meltdown by accident.
Today, the meltdown risk is compounded because high-frequency traders deliberately probe across various markets -- from currencies to bonds and commodities -- in exchanges around the world.
Tracking the Dow,Wednesday,2/09/09.(12 market days to Triple Witching)

Nikkei Furures.(7 days to expiry)

Asian Index Futures(20 days to expiry)
9:30am:--A fearful hangman with long lower shadow.

The latest ADP Employment Change Report showed that 298,000 jobs were lost in August. The consensus forecast 250,000 job losses.

10:30am:--A first hour low with a bullish harami.

Without any major corporate news items out today, participants remain focused on economic data.

11:30am:--A retracement to morning high was hindered by a gearish engulfing bears.

Factor orders for July increased 1.3%, which is below the 2.2% increase that had been widely expected.

12:30noon:--A pullback fall shy of the MAV support line and rebounded to day's high.A bearish unshaven maribozu.

Crude was trading 0.4% lower at $67.75 per barrel ahead of inventory data this morning.

1:30pm:--Bearish engulfing at bull support line.

There haven't been many market-moving corporate news items today.

2:30pm:--A bearish harami danger now forming a head and shoulder.

CNBC reported that Fed officials said the pace of recovery is expected to pick up in 2010,the FOMC remains particularly concerned about the jobs picture.

3:30pm:--A runaway bull was again cornered by an engulfing unshaven bear.

Treasuries had a strong session. Helped by a subdued mood among equity traders and the FOMC minutes.

4:00pm:--Bears support at bear pivot prevent it further crashing.

The bears are trying to bring back the Dow to the 52 weeks MAV (9,186.79) which is 93.88 points away to their santuary.

The current bearish candlestick as at todate has an unshaven top which is yet to find a upper high,the bulls might have to bear with the shorties until the President comes back from his weeklong holidays with his family.So we have five bearish days as his entourage consists of five family members altogether includes their Portuguese water dog name Bo.

Theme play today:"Worry"-investors worried that a weak job market will trip up a recovery in the economy.

Obama unpacks for holiday.

There goes Marine One which carries the Obamas from the Martha Vineyard (Massachusetts island) under cloud cover on Sunday currently on a one week vacation.According to Reuters News,Obama is footing the bill himself -- estimated at $25,000 or more -- for the 28-acre (11-hectare) Blue Heron farm he is renting.
With its links to the Kennedys and Clintons, Martha's Vineyard is Democratic America's holiday spot of choice. It's no wonder the First Family picked it for their summer vacation.
A beautiful beach(a haven for the rich and famous) to relax and get disconnected for the President.

The US president has packed a mix of historical biography(The second US president, John Adams) and environmental calls( Why We Need a Green Revolution, and How It Can Renew America) to arms for his holiday reading – with a little light relief included courtesy of crime novelist George Pelecanos--"The Way Home".

Tracking the Dow,Tuesday,01/09/09.(13 market days to Triple Witching Day)
Nikkei Futures Expiry:11/09/09(8 market days)

Asian Futures Expiry:30/09/09(20 market days)
9:30am:--A mild gap down.

Weakness in Europe induces further pressure.

10:30am:--After finding an early high,the evening star set in.

The August ISM Manufacturing Index, which came in at a better-than-expected 52.9. That was also up from the 48.9 in July.

11:30am:--Index slides and is at session low.

Pending home sales for July were up 3.2%.

12:30noon:--Bearish spin still at morning session low.

Currently, crude is trading near highs, up 1.5% at $70.98 per barrel.
1:30pm:--A mild technical rebound,no way of big retracement as the distance is too wide.

Financials have been a primary source of weakness in the stock market's recent reversal.

2:30pm:--Bears reluntance to concede.

News of Ford's monthly sales increase hasn't helped it fend off this session's selling effort, though.

3:30pm:--Hangman around.

Construction spending data disappointed

4:00pm:--Ending the day with a bearish engulfing.
It takes 3 to complete a pullback and Tuesday's spike down was fast enough to complete the mission.It touches the bear resistance which is now the main support line.

This Witching month is going to be highly volatile. "Anxiety"is the theme play today,an excuse to take profit with the banking sector getting the worse bashing.

The US Government of late holds big containers of banking stocks,so this is the only chance of liquidating their goods through this nice theme.

A prelude to the September 10th dateline with regards to Citigroup Inc stocks.