Qs

~~ Qs, SPY, SPX, DIA, DOW ~~ daily price actions are showing negative divergences with pre-Labor day holiday trading during summer light volume trading.

As noted that market breadth was showing neg D during the last week after strong rally from 7/15/2008 low, daily price action is pulling back. Daily momentum is now continuing to downside; however, I do not expect a significant pull back as noted that the weekly price action is supporting markets going into Nov 4 election. Markets supports/resistances are major MA, pivots, and trendlines as shown on charts.

With the VP PALIN choice, the Republican side is hopeful and it looks to be more reason to support markets. She is all American woman with whom many could identify themselves with her, especially from women and from working middle class as she is from "school teacher parents". Also, she will get supports from Christians. We can hope for Palin's new energy plan that she will put more attention to "Energy Independence" development. McCain election will be helped by choosing her as he is showing that he is for pro-Americans as many middle class Americans were feeling neglected.

With the McCain-Palin choice, I think that markets will be supported meaning that the low for the year on 7/15/2008 is likely in. Resetting daily price actions and rallying into Nov would be ideal for the election year.

SPX Cap & %

2008 Election

John McCain picks Alaska governor Sarah Palin as Republican running mate

On his 72nd birthday, Mr McCain unveiled Mrs Palin, 44, on stage in Dayton, Ohio. She is a former beauty queen and mother of five whose eldest son, aged 19, is an American soldier due to deploy to Iraq next month. Her youngest son, just four months, has Down syndrome.
The decision was kept secret until just two hours before a grinning Mr McCain made the announcement before a raucous crowd that serenaded him with “Happy Birthday”.

Mr McCain hailed Mrs Palin, who is a lifelong hunter and gun rights advocate, for her “strong principles, fighting spirit and deep compassion”. He declared: “She’s exactly who this country needs to help us fight the same old Washington politics of me first and country second.”

http://www.cnbc.com/id/15840232?video=836197856

Iraq war ~ its future implication

Iraq war ~ Long term implications of Iraq war which is not easily visible because of the deep rooted spiritual power, hate, greed, ancestry fight, etc.

Iraq President is elected from Shiite, of course, it is because shiite is 60%.

Iran is shiite.

Iraq has two shiite holy mosques which Iran want to visit as the mosques are for all shiite holy site.

Iran nuclear power development is looking to be "defense/offense" from US/Euro and from Sunni.

Note the locations of Muslim population. It shows other aspects of the war.

USD 78 r

~~ USD ~~ 77.62 trading near to 78 +/- resistance which is the first target. USD Monthly is turning positive after reversing from 70.70.

SPX, Qs

~~ QQQQ ~~ close at 46.49 with 46.15 +/- trading range breakout support. It will likely trade to lower sym triangle support near 45 shown on daily chart. Having said that, markets could retest the 7/15 lows breaking the supports.

~~ SP 500 ~~ close at 1266.84 near at 5 day trading low support; however, daily momentum is now to downside after strong bounce from SPX 1200 on 7/15 to SPX 1313 LT R on 8/11 rallying 8.7%. We have a cycle low in early September. SPX traded down after retesting the rising wedge formation and closed at 1266 which is below the sym triangle support. Will see how markets will react after the Fed min tomorrow, but 60m is now getting OS.

Nas Volume A/D 1 to 9, but not issues A/D

Market Internals
Issues NYSE Nasdaq
Advancing 700 632
Declining 2,418 2,228
Unchanged 83 128
Total 3,201 2,988
Ratio
Advancers
to Decliners 0.29 0.28

Volume
Advancing 99,669,000 168,529,000
Declining 761,755,000 1,279,700,000
Unchanged 3,766,000 6,328,000
Total 865,190,000 1,454,557,000

SPX 1330 +/- LT resistance

~~ SPX ~~ closed at 1292 after bouncing off from 1261 which noted on post #10350 and also on this blog.

60m is now OB after rallying on light volume. Ideally, trade down into beginning of September which is a cycle low.

SPX 1292 is vst symmetrical triangle down trend upper TL resistance with intraday OB.

SPX is trading in down-channel with 1330 +/- R is a LT resistance as noted on post 10257. SPX will trade to the target going into Nov election; however, markets are trading at “pivotal junctures” with early Sept market turn. Markets were trading up in low volumes, thus, selling into early Sept turn to rally into Nov would be ideal. Good luck

OIL ~ IRAQ War

SPX Cap & %

Qs & SPX

~~ SPX ~~ closed at 1292 after bouncing off from 1261 which noted on 10350.

60m is now OB after rallying on light volume. Ideally, trade down into beginning of September which is a cycle low.

SPX 1292 is symmetrical triangle down trend upper TL resistance.

U.S. National Debt ~ I.O.U.S.A.

~~Swiss bank account ~~
re: How to open "Swiss Bank account"
Fed Must Be Ready to Raise Interest Rates: Fisher


I.O.U.S.A. is a 2008 documentary film directed by Patrick Creadon.
http://www.youtube.com/watch?v=Dp8ZmQMCtqA

It competed in the Documentary Competition at the 2008 Sundance Film Festival.

The film focuses on the shape and impact of the United States national debt. The film focuses on Robert Bixby, director of the Concord Coalition, and David Walker, the U.S. Comptroller-General, as they travel around the United States on a tour to let communities know of the potential dangers of the national debt. This is a tour carried out through the Concord Coalition, and is known as the "Fiscal Wake-Up Tour." In February 2008, Walker announced that he would be resigning from his post as Comptroller General to become the president and CEO of the newly established Peter G. Peterson Foundation. His term was supposed to end in 2013. He states that he feels he can more freely draw attention to the serious issues the U.S. is facing from this position. http://en.wikipedia.org/wiki/I.O.U.S.A.

War Economy

re: 'America's Outrageous War Economy!'
Pentagon can't find $2.3 trillion, wasting trillions on 'national defense'

This is tragic that many are speculating "Revelation" War instead of focusing on the most direct JESUS PROMISE (Matt 24:14) and COMMAND (Matt 28:19-20 ). No wonder this nation is going bankrupt with a mountain of debt, also living in Sodom and Gomorrah.

QQQQ & NQ LT resistance

~~ NQ/Qs~~ traded to LT (48.50 +/-) and symmetrical triangle upper resistance (48.80 +/-) before Premarket.

Market Watch picks are fixed in the month so I can not close the picks even if I would like to. I found out that when I tried out 7/3/2008, so, I am stuck. Also, stock slits do not reflect.


AAPL vs GOOG
I was looking for a bear picture and came across on this blog. Interesting comment comparing AAPL vs GOOG valuation. Of course, my view is that AAPL does not have any productive valuation contributing to social conscience as I see iPod as a destructive and wasteful plastic for many while Google contributes advancing knowledge to many.

HPQ earning report

~~ HPQ ~~ earning report on 8/19/2008

Sym Triangle formation after retracing 38% of Aug 2004 rally from 16.08.

SPX

SPX closed at 1298.20 rallied 100 points, 8.5%, since SPX 1200 reversal (#9701) on 7/15/08. It retraced about 50% near to LT resistance 1313 after the Fed meeting as noted on 9950. Intraday is overbought and is showing negative divergences. While weekly momentum is developing to upside, daily price actions are now overbought.

In one month, markets have rallied strong and now we have negative divergences with rising wedge formations on intra and daily price actions even though wkly shows up momentum, we have negative divergences on breadth charts as well. Unlike Aug 2004 when we had extreme negative market sentiment, markets are showing bullish sentiment suggesting that markets are conditioned to expect “Nov election rally” recalling the contrarian market action in Aug 2004 sentiment. SPX 1300-1325 is a strong resistance and am expecting a pull back.

SPX Cap & %

The Fed and Probe of Auction-Rate Debt

re: Fed's Evans Says "Three-Front Conflict" Complicates Monetary Policy

Our country needs to go through "Long and Hard Recession" (repenting period)!!! Since 1969, our nation is like Sodom and Gomorrah as the country was going down the corruption, morally and spiritually, as well as our wealth was starting to deteriorate. We need to revitalize our moral and ethical standards as well as our economy by going through very serious rethinking the way we live.



Probe of Auction-Rate Debt Is Far From Over: Cuomo
http://www.cnbc.com/id/26203569/

New York Attorney General Andrew Cuomo told CNBC that his investigation into auction-rate securities sold by banks and brokerages is far from over.

"You have literally dozens of institutions involved," Cumo said in a live interview. "We're starting at the top and working our way down."

Cuomo's comments came after announcing earlier Thursday a settlement with two big brokerages, PMorgan Chase and Morgan Stanley , which agreed to repurchase a combined $7 billion in auction-rate securities at face value from investors.

That followed similar settlements last week by Citigroup and Swiss Bank UBS .

Auction-rate securities are investments that resemble corporate debt, but with interest rates reset at regular auctions. The market for the securities collapsed in February amid deterioration in the broader credit markets.

Bush and 4 years ago...

4 years ago...I supported Bush and now regret that I did as we can see that Bush ruined our country.

In hindsight, it seems that Bush is blinded by greed and power. He is deceived by satan and became satanic deceiving many.

Most were calling a crash during Jul-Aug 2004 when I called the bottom. But now I think of it, if markets have crashed, it would have been better for us.

If market indeed has crashed at that time, we would not have ARM bubble/crash ruining many Americans.

Also crazy commodity bubble which started in Jan 2005 with oil, and another bubble in 2006/2007 would not be as severe.

If we had the crash at that time and Kerry became the President, we could be in better position.

But I believe that all things are under God's control.


4 years ago..... and now
http://www.youtube.com/watch?v=gBfngOsvmA0

Financials Cliff Dive with Deceptive Policy

Bush is repeatedly deceiving many. Still deceiving!!

re: Most stocks down after shorting ban ends

Entire Bush and Paulson remedy for Short-selling (e.g. FRE & FNM) lasted only a week, then, it sold off, cliff-dive.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31444900

During the days, they would have made 185% to upside and 55% to downside trading FRE/FNM with all pre-knowledge of the policy.



Deception ~ Bush, 911, Bin Laden, Iraq, Iran

Bin Laden attacked US.

Iraq is Bin Laden's enemy just same as US.
( US and Iraq are Bin Laden's enemy).

Bush attacked Iraq (Bin Laden's enemy), that means "Bush = Bin Laden".


Bin Laden is anti-Jewish, and has delivered warnings against alleged Jewish conspiracies: "These Jews are masters of usury and leaders in treachery. They will leave you nothing, either in this world or the next.

" Shia have been listed along with "Heretics, ... America and Israel,

" as the four principal "enemies of Islam" at ideology classes of bin Laden's Al-Qaeda organization.

http://en.wikipedia.org/wiki/Osama_bin_Laden

The demographic breakdown between the two-groups is difficult to assess and varies by source, but a good approximation is that:

85% of the world's muslims are Sunni, and

15% are Shia, with most Shia belonging to the Twelver Shia and a small minority divided between several other sects.

****** Shi'a make up the majority of the population in Iran, Iraq, Azerbaijan and Bahrain, and they are the largest religious group in Lebanon.

****** Sunnis are a majority in other Muslim communities in South East Asia, China, South Asia, African and the rest of the Arab world.

http://en.wikipedia.org/wiki/Historical_Shi%27a-Sunni_relations

Muslim communities

85% Sunni (South East Asia, China, South Asia, African and the rest of the Arab world)

15% Shia (Iran, Iraq, Lebanon, Azerbaijan and Bahrain)

GOLD

~~~GOLD ~~~ 823 bounce from 808 as commodity is in oversold condition with the recent sell.

As noted that we have had gold bubble and it traded to targeted 1000 on 3/17/2008 after mid 2005 breakout following Katrina and housing top. It is now on LT downtrend even though we will see bounce in ST.

HGX Housing

~~~ HGX ~~~ 120.68 after trading to 127.54 R. Even though HGX bounced off from 93.75 near Oct 2002 low 93, we do not have genuine economic growth which will be a long term support for housing market.

Stockmarket like minefield attached with bombs

Markets are extremely manipulated. AAPL up 16% in a week, money rotating like locust eating up funds long/short.

It is not like it used to be, it is minefield with bombs attached.

Markets trading in extremely light volume, slaughtering up or down.


Steve Jobs used "LSD", no wonder! He must be sent by satan to brainwash many with filthy lyrics. He invented iPod, a plastic junk with loaded wasteful music which
wastes away many with wrong kinds of stimulus with brainwash with filthy lyrics.


http://en.wikipedia.org/wiki/Steve_Jobs

During this time, Jobs experimented with LSD, calling these experiences "one of the two or three most important things [he had] done in [his] life."[17] He has stated that people around him who did not share his countercultural roots could not understand certain aspects of his thinking.

USA vs Russia

$*%&#^!!! Brainwashed Americans on debt drugs! You can't call yourself a patriot if you're not outraged. This is a fight I'm ready and willing to have. The Biggest 'C' is Crisis ! (Iacocca elaborates on nine C's of leadership, crisis being the first.)


American brainwashed spendholics ~ US stock market is internationally used by many to swindle, and American 401k holders need to realize that it is a big gambling market.

Also Americans are brainwashed and American spendholic habit is killing USA and is taken advantage by many. We need to realize that.

Also, the stock markets are not what it used to be.

I am sure that most intelligent federal governments like FSB (KGB) are internationally watching US stock markets to take money away, fooling many, from 401k, traders, and sheepsters using most complex and simple, whatever works, trading schemes.

Brain washing Americans are not just debt drugs, but also many other morality, obviously.





Intelligent former KGB ~~ Vladimir Vladimirovich Putin
http://en.wikipedia.org/wiki/Vladimir_Putin

While USA is going bankrupt, we have more billionaires in Moscow than in any other city in the world. More than New York, London, or Dubai. Millionaires are as common as pigeons.
http://ngm.nationalgeographic.com/2008/08/moscow-night/smith-text/2

It is depressing that we don't have another intelligent presidential candidate whom we can trust ~ not Obama or McCain.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Lee Iacocca, the man who rescued Chrysler Corporation from its deaththroes. He's now 82 years old and has a new book, and here are some excerpts:

'Am I the only guy in this country who's fed up with what's happening? Where the hell is our outrage? We should be screaming bloody murder. We've got a gang of clueless bozos steering our ship of state right over a cliff, we've got corporate gangsters stealing us blind, and we can't even clean up after a hurricane much less build a hybrid car. But instead of getting mad, everyone sits around and nods their heads when the politicians say, 'Stay the course'

Stay the course? You've got to be kidding. This is America , not the damned 'Titanic'.

Oil

http://trend-signals.blogspot.com/2008_06_29_archive.html



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31357492
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30483579

Hammer Close ~ SPX 1313 R

~ Markets quick pump to SPX 1313 resistance which noted yesterday.

Markets hyped up with AAPL 15% in a week, AMZN 20% in 2 days, GOOG 5% in 2 days, MSFT 10% in 5 day, EBAY 7% in 3 days.

Market price actions show colluded trading specific stock to move markets.

Bernanke rabbit on loose.

US Market bubbles

US financial system and mentality needs to go through what Japanese went through since 1990s. US needs to deeply realize what went wrong living in debt abundance too long. The US 80s and big 90s bubbles with overspending, now bankrupting the country.

China SSEC has traded below the LT breakout bubble realizing fast that the market is in bubble, not like US does understand the troubled future blinded by greed and deceit.

SPX is trading below LT resistance; and with more debt, markets pretend to be OK, but it is just another set for a big melt down since we do not have genuine economic growth like what has happened during 2003-2007 ARM gimmick economy.

SPX Cap & %

SPX

38% retracement near to 1300 R, from July 15 SPX 1200, rallied about 100 points up 8%.

DOW30 PE & fPE

38% retracement to 11760 R

USA Debt

AWAKENING AMERICA ~ Let's pray for USA for spiritual and financial deliverance!!

http://awakeningamerica.us/index.php?option=com_content&task=view&id=42&Itemid=1


Our nation is going bankrupted as we have 10 trillions in debt and adding 1.8 billions per day. In addition, we are using many Made in "other-than-USA" which is putting us further in debt.

We are living in debt which will eventually destroy us. During the last 8 years, USA have accumulated more debt than ever before. The war in Iraq created more turmoil with higher oil price.

We need God's Help to deliver USA from its mess which greed evil put US into deep trouble. Also, it is many Americans' mistake to get into such mess.

We have spent too much for too long. Spiritually, USA were degenerating since 1969 when we saw 1969 Woodstock. Also, that was the year when satanic bible was published by "LaVey". http://en.wikipedia.org/wiki/Satanic_Bible

We also have Muslim attacks. They are not just whine, whine, whine; and it is not a game. Killing non-Muslim is the best way to heaven for them. That is in the Muslim and Mohammad command, i.e. in Quran and Mohammad teaching.

Delta Force 3: The Killing Game (a movie depicting the extremists) www.netflex.com
http://entertainment.circuitcity.com/Movies/Movie.aspx?prodid=WHV70325DVD&si=ccity-prod&store=Movies

We need LORD, OUR GOD'S MERCY AND GRACE!! To deliver US from the financial debt and from spiritual back sliding!!

Let US all ask GOD to deliver US, to save US from satanic power!

PRAISE GOD! ALMIGHTY, deliver US from evil!

AMEN!!!

Beijing Olympic 2008