Thursday, March 11, 2010

The bottom line is sales target.

It's the Toyota cars gaining the main highlight in the USA.
US lawyers are instituiting legal actions against this Japanese automaker and are seeking billions in damages.
Toyota needs to compensate the millions of people who saw the value of their vehicles drop in the wake of a series of mass safety recalls.
There will be a whopping eight to 10 million Toyotas in a nationwide class-action lawsuit.Wow,that's fantastic enough to create a kamikaze.
The Charges:--"Toyota deliberately misled its customers about the safety of its vehicles and should be convicted of racketeering and fraud charges. Toyota sacrificed innocent, trusting lives for profit and hubris."
This is a civil complaint filed on Wednesday in a Florida court.
The complaint accuses Toyota of concealing information about problems with sudden, unintended acceleration it has known about since 2002 and lying to the public about the true cause in order to “minimise the effects on future sales and leases and to minimise the recalls’ effects on their profits.”
The Dow,Thursday 11/03/10 is 6 market days to index futures expiry.
Nikkei futures expiry Friday.Monday is the Pivot Day of the month.
9:30am:--A bearish start looking for pullback 7 days before index futures expiry.
10:30am:--Hammered to near the MAV support line of the month.A morning star struck out futher slide.
11:30am:--Retracement to near session high with a pullback to the bull pivot.
12:30noon:--Consolidation time,the MAV support.A bullish engulfing on check.
1:30pm:--Retracement to near session high again with bullish inverted hammer.
2:30pm:--A second pullback with a rebound to strike the session high.
3:30pm:--A new day's high.Bullish ascending soldiers.
4:00pm:--Ending with the highest point of the day.
Seems that the market makers have their monthly itineary that never miss.Seven days before the Dow Index expiry,anything with prior high level needs to pullback to or at near the MAV of the month and vice-versa.
Since the current month starts on a very bullish note,the pullback only covers Friday's half candlestick body otherwise if it were to hit the MAV support line without leaving it,expect the bears to corner the market.
The above principles also applies worldwide.
The fear game plan used today is China's consumer and producers price index skyrocketting and the monetary tightening expectation ahead.No more Greek fear.

Tuesday, March 9, 2010

An environmental friendly hybrid car.

Fancy an environmental friendly hybrid car that performs at 50mpg?This is the new third generation Toyota Prius costing about USD22,000.
It is roomier, quieter, more advanced and has more equipment. It even has a moonroof equipped with a solar panel located over the rear seating area. As previously speculated, the solar panels only powers the air circulation fan for the air conditioning system, not even the whole air conditioning system! This fan can function while the car is unoccupied, which means it can keep the car’s interior cool while it is parked under the hot sun.
The body uses aluminium in the hood, rear hatch, front suspension axle and brake caliper to reduce weight.
The Atkinson cycle engine under the hood is now larger and more powerful, clocking in at 1.8 liters on the displacement scale and putting out 98 horsepower at 5,200rpm and 142Nm of torque at 4,000rpm. The electric motor puts out 80hp and 208Nm of torque, but combined output of the two systems are 134 horsepower. Power from the two “engines” go through an electronically controlled CVT transmission. The hybrid battery pack is still a NiMH (no move to lithium ion yet). The Prius can run in 3 modes – EV, Eco and Power. EV is an electric-only mode (which can run for about 1.6km, good for short trips to the shop or mamak), while Eco and Power should be self explanatory.
This four-door hybrid has become a hit with consumers because of its stellar fuel economy, relatively uncompromised driving and acceleration characteristics and reasonable price.
The Toyota Prius (its name comes from Latin and means "to go before") exists as a partial solution to the automobile's problem of tailpipe emissions.
The Prius, like other hybrid vehicles, has a special powertrain that combines a gasoline-fueled internal combustion engine with an electric motor. This powertrain, along with other advanced features, allows the Prius to deliver higher fuel economy and lower emissions compared to regular cars.
An elegant and stylish dashboard,very aerodynamic.
Toyota has the knowledge and experience with nickel metal hydride(NiMH) battery packs.The prototype battery system weighs about 220 lbs. more than the current production Prius pack and intrudes into the trunk so that that’s there’s only room for about two medium size suitcases.
The prototypes can operate on electric power for a range of about 7 miles and can re-charge in three to four hours using a 110-vlot outlet. Under the hood is the current Prius’s 1.5-liter inline four. The electric motor generates 50kW, which combined with the more powerful pack, allows the Prius prototype to reach 62 mph on electric-only power. Current cars can only hit about 25 mph before the gasoline engine cuts in.
The Dow,Tuesday 9/03/10 is 8 market days to Quadraple Witching.
Nikkei futures expiry:12/03/10
9:30am:--Bearish unshaven top 30.0 points down.The greenback is the primary culprit; it is currently up 0.4% against a basket of foreign currencies.
10:30am:--Opening gap-down fully recovered.Bullish spin at near session high.Texas Instruments (TXN) improved its outlook.
11:30am:--Bullish dragonfly doji at current high.
The US Dollar Index pulled back gave renewed strength to the majority of the commodity.
12:30noon:--Consolidation time.No sign of any pullback now at new high.A bearish engulfing warning.
1:30pm:--Another top this time with a powerful bearish engulfing.
2:30pm:--The hangman,triple top bearish engulfing.
3:30pm:--Pierced through the MAV support line hitting the bear pivot covering the opening gap.
4:00pm:--Retracement ending with a small bullish inverted hammer.There wasn't any economic data today.
A lack of upbeat headlines and a stronger dollar left buyers with little reason to get back into the action.The current pair of candlestick resembles a spinning top which is inside the body of last Friday.Any pullback will be near the half body before it retrace again.
Tomorrow brings monthly wholesale inventory data and the Treasury's monthly budget statement which is a non-event so expect another tri-star formation.
Meanwhile it's reported job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.So the next jobless claims report on the 18/03/10 will be another boost to the index.