Monday, May 24, 2010

Fed Deficit, Fed Reserve, Financial market, Tea Party
























The low market volume today suggests that traders are waiting for a confirmation as markets are trading near at ST supports to SPX 1045 +/- which is the Feb 2010 low. The next support is near SPX 950. Unlike Feb 2010, markets were very extended even though due to the recent market actions, daily charts are a bit showing oversold condition. However, comparing to previous oversold level during the Oct 2008, the current level - only comparatively 30% of the level - is not nearly oversold. So far, markets have retraced about 27% of March 6, 2008-April 26, 2010 extended rally. It would be a miracle, the best case scenario, that markets retrace near to the March 2009 bottom by July 2010? Is it possible? Based on my fractal analysis, it is possible as the best case scenario for bear cases. However, rational possibility is market trading to the SPX 950 breakout support by July 2010 timeframe. Nevertheless, markets are trading at pivotal juncture; therefore, hopefully, markets will sell and go away.

$COMPX 2213.55 -15.49 -0.69% 2,061,859
$INDU 10066.57 -126.83 -1.24% 1,395,658
$INX 1073.65 -14.04 -1.29%




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DOW weekly & SPX 60min fractal formation





http://s5.tinypic.com/15zmdcg_th.jpg2 Chronicles 7:14 http://s5.tinypic.com/15zmdcg_th.jpg America cry out to God. We pray God to restore America from living in Sodom and Gomorrah.

http://i46.tinypic.com/jjy4at.jpg
2 Chronicles 7:24












3 Blessed are the poor in spirit: for theirs is the kingdom of heaven.
4Blessed are they that mourn: for they shall be comforted.

5Blessed are the meek: for they shall inherit the earth.

6Blessed are they which do hunger and thirst after righteousness: for they shall be filled.

7Blessed are the merciful: for they shall obtain mercy.

8Blessed are the pure in heart: for they shall see God.

9Blessed are the peacemakers: for they shall be called the children of God.

10Blessed are they which are persecuted for righteousness' sake: for theirs is the kingdom of heaven.

11Blessed are ye, when men shall revile you, and persecute you, and shall say all manner of evil against you falsely, for my sake.

12Rejoice, and be exceeding glad: for great is your reward in heaven: for so persecuted they the prophets which were before you.

Matthew 5








America cry out to God.

We are in prayers together so that God deliver US. We pray God to restore America from
living in Sodom and Gomorrah the greed 666 Fed corrupting
Christians and our nation.
















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