The Prince of Light and the prince of darkness

This world is going through much suffering and pain because of the prince of darkness.

We are living in this world of deception. The dark force and his angels are powerful.

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We need the Spirit of God to discern the voice of God from voices of satan, angels of satan, and the deceivers such as prince of darkness pretending to be the Prince of Light.
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Ephesians 6:11 The Armor of God
10 Finally, be strong in the Lord and in his mighty power. 11 Put on the full armor of God, so that you can take your stand against the devil's schemes. 12 For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. 13 Therefore put on the full armor of God, so that when the day of evil comes, you may be able to stand your ground, and after you have done everything, to stand. 14 Stand firm then, with the belt of truth buckled around your waist, with the breastplate of righteousness in place, 15 and with your feet fitted with the readiness that comes from the gospel of peace. 16 In addition to all this, take up the shield of faith, with which you can extinguish all the flaming arrows of the evil one. 17 Take the helmet of salvation and the sword of the Spirit, which is the word of God.
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Citi's Stock Dips Below $1, Down 85% This Year Alone http://www.cnbc.com/id/29530271/

White Horse

11And I saw heaven opened, and behold a white horse; and he that sat upon him was called Faithful and True, and in righteousness he doth judge and make war. 12His eyes were as a flame of fire, and on his head were many crowns; and he had a name written, that no man knew, but he himself. 2 new Jerusalem, coming down from God out of heaven, prepared as a bride adorned for her husband. 1And he shewed me a pure river of water of life, clear as crystal, proceeding out of the throne of God and of the Lamb.

Market Analysis and Forecasting as of 2/27/2009

Markets have traded to new lows as DOW traded to 7033.62 below the 7449.38 low trading to 1997 support level. 7062.63.

SPX closed at 735.09 which is above 720 +/- support which I signaled during the last week. SPX action during the last week was disappointing as the month closed one of the works in 12 years low.

Markets are showing positive divergences on weekly and daily charts as well as on breadth indicators. I commented on that markets could form double bottoms after retesting Nov 2008 bottoms will signal positive divergences. Therefore I think we could be markets provide a decent rally onto SPX 900 because of oversold markets and extremely bad sentiment will change sooner or later even b the negative pessimism is continuing. I think that the pessimistic sentiment will stop at a reasonable price as we have seen that most of bears are brutal to crush stocks such as FNM, FNM, AIG, C, LEH, etc.

Markets are made of traders who are emotional and greedy, therefore we often see price extreme in our markets creating bubbles and crashes. Unfortunately, we have seen economic crisis and due to greed and to primitive group psychology

The SPX monthly chart shows times serious model series model which I developed to show strength of trend which is overlayed on the SPX price actions.

Based on my trend strength and time analysis, I can gain in in-depth understanding of market direction, forces, and rhythm of the markets.

In like to include MACD indicator because it is traditional trend following indicator which is commonly used. In addition, the indicator can come in handy when it is used to confirm other indicator signals. I have tested thousands of indicators using back testing programs, and concluded that a trade need only a few preferred indicators to trade successfully. To trade successfully, one needs to intimately know the indicator behavior in relation to market price movement. Each market has its own personality and histories; so, in order to be effective traders, it is a must to study markets before feeling comfortable with any markets.

The lower indicators is oscillator indicator which is identifying OB/OS and also trend. There are hundred indicators which I tested; and I came to a conclusion that I need only a preferred dozen to be included in market analysis.

DOW has broken down below support areas and markets sentiment is quite bearish with uncertainly on banking industry. Maybe are waiting for the Gov and the Fed actions to provide stability - such as holding off Mark-to-Market accounting. I think that it will be sound decision to hold the Mark-to-Market until markets are settle down to provide stability in the market.

In conclusion, while DOW has broken below the support 7850 closing at 7062.93, 7000 is a strong support -- comparatively SPX 720 +/-.

Markets are bearish, but with the financial news, we could see continued volatility. As commented before LT market analysis that we are in pivotal markets supports with quite negative market sentiment; however, weekly and breadth markets are showing positive divergences -- a potential double bottom retest scenario.