Michael Clark's  Instablog

Clark's Gate Timing System
Tuesday 22  September 2009
 

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin . . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again. . . . Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit."
- Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920s.

INDEX VIEW

We look at quite a few index pictures today: at the oil/gas complex first.  If we are in a global recovery we sure don't see it in these indexes and ETFs for oil, natural gas, unleaded gasoline, heating oil, and oil and gas stocks  They are all in a short-term negative formations.  Where is that global recovery we have all been promised?





Stock indexes are mixed with the DAX in Germany looking to be trying to top; the S & P 500 Index also appearing to be ready to turn down; the Hang Seng Index (Hong Kong) (HSI) ready to come down a bit; the Shanghai Index (SSEC) hesitating and falling at overhead resistance, suggesting that it will test its low from late August; the Nikkei Index in Japan (N225) stuck in consolidation and threatening to fall through support.



The US Dollar had a good day; it is not positive yet however.  The VIX is trying to rise up from massive repression by the Fed -- the energizer-bunny in the helicopter.  Is copper showing strength from the so-called global economic recovery?  It doesn't seem to be at the moment.  If the global economy was really recovering, wouldn't the price of copper reflect that -- or is the recovery already reflected in the price?

KEY: M2F ALT = short-term momentum: above 70 = overbought; below 30 = oversold; 'TRADE" = current position using M4 Sum Plus Trade System.  "TREND" = short-term trend DIRECTION: above 0 is positive; below 0 is negative.  "M4 SP+" = issues with at least 2 consecutive days of positive M4 Sum Plus will register a 1.  'M4SP -" = issues with at least 2 consecutive days of negative M4 Sum Plus will register a 1.  M4 Sum Plus is a VERY short-term momentum indicator.  "INT MOM" = M5 Average Sum Plus, which is an intermediate-term momentum indicator: 1 is positive; -1 is negative.  "LTERM MOM" = MA 40 Sum Plus, which is a long-term momentum indicator: +1 is positive; -1 is negative.

We closed five trades today, 4 for gains, 1 for a small loss.  In fact, all trades are for very small returns.  This indicates we might be near a top, with buyers and sellers approaching equal strength.

New trades: long:Merck (MRK), Schering-Plough (SGP), Adobe (ADBE), Copper ETF (JJC), Best Buy (BBY), SAP (SAP)...we received buy signals for two issues we're not going to follow because the charts seem toppy: Qualcom (QCOM), and Protein Design Labs (PDLI).  We are shorting two 'short' ETFS: Real Estate (SRS) and Financial Stocks (SKF).

home.mindspring.com/~mclark7/CGTS09.htm

A draft of the book Turn Out the Lights can be found at the website below.  This book is a description of the metaphysical causes of the economic cycles of expansion (Day) and contraction (Night).

www.hoalantrangallery.com/Turnoutlights.htm

MJ Clark's Gate Timing System
Hanoi, Vietnam

84 4 221 92210