MEDAL OF HONOR

1911: Filipino Army Pvt. Jose B. Nisperos earns Medal of Honor for heroism in Philippines.
Rank and organization: Private, 34th Company, Philippine Scouts. Place and date: At Lapurap, Basilan, Philippine Islands, 24 September 1911. Entered service at: San Fernandos Union, P.I.. Birth: San Fernandos Union, P.I.. Date of issue: Unknown. Citation: Having been badly wounded (his left arm was broken and lacerated and he had received several spear wounds in the body so that he could not stand) continued to fire his rifle with one hand until the enemy was repulsed, thereby aiding materially in preventing the annihilation of his party and the mutilation of their bodies.

1915: Navy Fireman 2nd Class Telesforo de la Crux Trinidad, a Filipino, earned Medal of Honor during boiler explosion incident aboard the USS San Diego.
Citation:
For extraordinary heroism in the line of his profession at the time of the boiler explosion on board the U.S.S. San Diego, 21 January 1915. Trinidad was driven out of fireroom No. 2 by the explosion, but at once returned and picked up R.E. Daly, fireman, second class, whom he saw to be injured, and proceeded to bring him out. While coming into No. 4 fireroom, Trinidad was just in time to catch the explosion in No. 3 fireroom, but without consideration for his own safety, passed Daly on and then assisted in rescuing another injured man from No. 3 fireroom. Trinidad was himself burned about the face by the blast from the explosion in No. 3 fireroom.

1942: Army Sgt. Jose Calugas, a Filipino, earns Medal of Honor for heroism in the Philippines during World War II.
Citation:
The action for which the award was made took place near Culis, Bataan Province, Philippine Islands, on 16 January 1942. A battery gun position was bombed and shelled by the enemy until 1 gun was put out of commission and all the cannoneers were killed or wounded. Sgt. Calugas, a mess sergeant of another battery, voluntarily and without orders ran 1,000 yards across the shell-swept area to the gun position. There he organized a volunteer squad which placed the gun back in commission and fired effectively against the enemy, although the position remained under constant and heavy Japanese artillery fire.

1944: Army SSgt Rudolph B. Davila, He was the only person of Filipino ancestry to receive the Medal of Honor for his heroic actions in the European theatre. (Only volunteers served with the 1st Filipino Inf Rgmt, other Filipinos were assigned to Europe. 700,000 came from all over, including Canada to volunteer, to return home to fight. Of those volunteers, 7,000 were taken to form this new Army Rgmt. they came mostly from Hawaii and the West Coast, including Idaho and Alaska.)

Staff Sergeant Rudolph B. Davila distinguished himself by extraordinary heroism in action, on 28 May 1944, near Artena, Italy. During the offensive which broke through the German mountain strongholds surrounding the Anzio beachhead, Staff Sergeant Davila risked death to provide heavy weapons support for a beleaguered rifle company. Caught on an exposed hillside by heavy, grazing fire from a well-entrenched German force, his machine gunners were reluctant to risk putting their guns into action. Crawling fifty yards to the nearest machine gun, Staff Sergeant Davila set it up alone and opened fire on the enemy. In order to observe the effect of his fire, Sergeant Davila fired from the kneeling position, ignoring the enemy fire that struck the tripod and passed between his legs. Ordering a gunner to take over, he crawled forward to a vantage point and directed the firefight with hand and arm signals until both hostile machine guns were silenced. Bringing his three remaining machine guns into action, he drove the enemy to a reserve position two hundred yards to the rear. When he received a painful wound in the leg, he dashed to a burned tank and, despite the crash of bullets on the hull, engaged a second enemy force from the tank's turret. Dismounting, he advanced 130 yards in short rushes, crawled 20 yards and charged into an enemy-held house to eliminate the defending force of five with a hand grenade and rifle fire. Climbing to the attic, he straddled a large shell hole in the wall and opened fire on the enemy. Although the walls of the house were crumbling, he continued to fire until he had destroyed two more machine guns. His intrepid actions brought desperately needed heavy weapons support to a hard-pressed rifle company and silenced four machine gunners, which forced the enemy to abandon their prepared positions. Staff Sergeant Davila's extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit on him, his unit, and the United States Army.

• 
  Note: Army SSgt Rudolph B. Davila was initially awarded the Distinguished Service Cross. However, in 1998, after an extensive review, his medal was upgraded to the Medal of Honor.

  1951: *Filipino American Sgt. LeRoy A. Mendonca posthumously presented Medal of Honor for gallantry in repulsing the enemy on July 4, in Chichon, Korea.
  Rank and organization: Sergeant, U.S. Army, Company B, 7th Infantry Regiment, 3d Infantry Division. Place and date: Near Chich-on, Korea, 4 July 1951. Entered service at: Honolulu, T.H. Birth: Honolulu, T.H. G.O. No.: 83, 3 September 1952. Citation: Sgt. LeRoy A. Mendonca, distinguished himself by conspicuous gallantry above and beyond the call of duty in action against the enemy. After his platoon, in an exhaustive fight, had captured Hill 586, the newly won positions were assaulted during the night by a numerically superior enemy force. When the 1st Platoon positions were outflanked and under great pressure and the platoon was ordered to withdraw to a secondary line of defense, Sgt. Mendonca voluntarily remained in an exposed position and covered the platoon's withdrawal. Although under murderous enemy fire, he fired his weapon and hurled grenades at the onrushing enemy until his supply of ammunition was exhausted. He fought on, clubbing with his rifle and using his bayonet until he was mortally wounded. After the action it was estimated that Sgt. Mendonca had accounted for 37 enemy casualties. His daring actions stalled the crushing assault, protecting the platoon's withdrawal to secondary positions, and enabling the entire unit to repel the enemy attack and retain possession of the vital hilltop position. Sgt. Mendonca's extraordinary gallantry and exemplary valor are in keeping with the highest traditions of the U.S. Army.
  
  *posthumously
  
  June 21, 2000, President Bill Clinton, bestowed the Medal of Honor on Davila and 21 other World War II servicemen of Asian descent at a White House ceremony. Only seven of 22 recipients were still alive when the medals were handed out.

  

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MARKET MANIPULATION

BULL OR BEAR THOUGHTS

Question: hotto, are you still in the bear market camp and thus possibly at the top end of the range or in a holiday rally mode to year end? ty

Hotto:
The questions of IT Rally // or end of Bear market -- I don't "know" as yet. We do have this new period of some "safety" - from sudden downside crash -- due to the 10/3 10/4 "Extreme Negative" Low - which was a complete Retest of the 8/9 Low. That test was not completely successful - but good enough for this "safe" period - where stocks can go back to the high of the Range -- and we can hold stocks longer than a few hours. Tradeable Rally - the old term for this period. The price action since 10/4 has been impressive - but has not had strong Volume to show Urgency of buying. It looks like another Trader move -- across the Trading Range once more -- Air Pocket stuff. I noted last night - Wednesday's move was a full test of the 9/1 SH. Plus Wednesday - peeked Over the top of the Down-Channel. Then closed back under. Volume has not been very strong during the Rallies of the last two years. It's been a time of Short-Covering and ST trading - mainly driving the moves. But - that did not stop the market from a 25% + rally from summer, 2010 to April, 2011. Price matters most. The DJIA is now just under the 9/1 high -- and just below the UBB -- and just below the top of the Down-Channel. If it breaks above that level -- say close Over the UBB - over 11,700 -- then we have some more Upside room. The Top of the Bull market was on May 1 - then PB to June low - then Retest of Highs during July Q2 Earnings Season. 11862 - 11900 was the bottom of the June Lows area - between the double top. I had thought the late August rally would get up there - to test that Resistance. Instead the 9/1 high fell short -- 11717 was the SH. So - that 11900 area is still to be tested for a first time. Just above that -- is sma150 / sma200 -- at 11960 -- and flat to falling a bit. The SP-500 had SH of 1231 on 8/31. And the June low was 1258 - 1268. If the Averages can close Over the 8/31 and 9/1 SHs -- Would be a BTBO -- and give us a new IT Rally leg - still without an "Impulse Rally". The Volume since the 10/4 SL has not been strong enough to declare an "Impulse Rally". . For comparison - look at the text-book IT Rally – of March, 2003. Then - 8 days of "driving" buying. It stands out from the prior days. Note what happened next -3 weeks of forming a Pennant - just under sma200 -- before real BO in April/May of 2003. The "Impulse Rally" at that time - did not mean Instant reward of more Rally. The big buyers took a step back - weeks -- before the actual IT Rally resumed. That was a brief review - for comparison. There are many more words on the website. Back then - the Economy was still growing broadly. A new Rally stimulated a response of "Don't leave without me!" Now - Growth is uncertain. The feeling continues that we can wait a bit - and catch the next train. So - we need Severe Selling - with those Horrible "Extreme Negatives" - to produce "safe" bottoms -- for several weeks. I'm hoping to live long enough to see it change again. Maybe the Election next year will give us at least a good long Leg up - with some "believers" again. After that - we'll see. My thought is more down - after that "new President" rally. I'll be happy to be wrong about that one. For now -- we are just 8 days into the new Rally period - born of the "Extreme Negative" low of 10/3 10/4. And - now in the Q3 Earnings Season -- goes on another few weeks. AA earnings were weak - but we've come to expect that. GOOG gave another super report. Internet use continues to grow - worldwide. That means many tech stocks will participate in this Rally period. Just after Earnings Season -- we will go back to the Fights in Washington . The Super-Committee sits like a sword above all. Europe - we are in a kind of "safe" period - till end of October -- That's when we were told there would be a "plan".
---
So - for now - we watch the Trading Range - and signs of actual BTBO. H/L on NYSE was 31/20 today - per Yahoo finance. That's not exciting - but at least Positive again.
NUAN - an old fav -- touched a nATH today. That's something
SAVE - a recent IPO - surged to ATH
GOOG earnings tonight - will ignite many techs on Friday morning -- likely thru next Tuesday --when AAPL reports. So - the whole market may not BTBO -- or it may. But it's a good time for individual Stocks - or some ETFs.
SOXX SMH - the Semis - SOXL is the *3 of SOXX
XLK is Technology ETF
TYH is 3* Tech ETF

BUY SIGNAL

ZBT - Zweig Breadth Thrust Indicator. Compute as 10 day Exp Average of (Advances / ( Advances + Decliners ) ). Marty Zweig developed that long ago. His research said we get a Momentum Buy signal when... Within a 10 day period.. the Indicator moves from below 40 to above 61.5. It gave 14 signals from 1945 to 1984. The average gain after a ZBT signal was 24.6%.. within average 11 months.. AFTER the signal was given.

T2103 rose to 61.2 today -- and Intraday was at least 61.8 ---now close to another ZBT Buy signal. Remember - according to Zweig's research -- After a ZBT buy signal - the stock market is likely to rise an average of approximately 25% within the next 11 months - on avg. Some took a bit longer. Some of the advances were as little as about 15% -- From the point where the ZBT was signaled. Some were as big as 30%+. Sometimes - (in the Zweig study) the market fell back Before the larger advance began. We had that in August - September. Now waiting for the move - approximately 25% above the late August highs -- by approximately July of 2012. The ZBT buy signal has never failed -- so far. That makes me uneasy. :)

---

2008 Again???

projections

Question: Sir Hotto any ideas on an int correction beginning now or soon
Hotto: - same old story -- Need to Break the last SL - with conviction. :) Else - keep Trading at the Bumpers :) Stock Mkt Bumper Pool : ) One school of thought now -- is Ben and his helpers -- are using their "good hands" to keep stocks working higher. Or it's just the huge pool of Money out there. When QE2 ends in June - there will be a lessening of the "good hands" effect. And Traders will likely also flip over. I've thought the Traders may Anticipate by a month or so. That would be in early May -- just after the Q1 Earnings Season.
Comment: sell in may and walk away that works
Hotto: And - just After the Tax day 4/15 -- and end of month.
-----------------------------12013 is LBB-- that's below 3/2 SL
*12019
So – the LBB is almost exactly at 3/2 SL.
on DJIA - this is developing into a scary pattern -- over last 2 weeks.
"possibly develop into a crash" -- could be "flash crash" -- or maybe Prechter's dream :)
I saw that Prechter changed his Downside target-- from "below 1,000" to 6,000. That would be better - for some peeps : ) Say "whew!" I was really Worried about 1,000. But 6,000 is ok :) At 1,000 -- it's "pass the ammo please". At 6,000 -- it's Get me some New representatives :)
Comment: and you get immediately tossed off the train by being shot, no?
Hotto: It's a new world -- gonna be lots of peeps thrown off the train. Sorry. We fell to 6K -- with Ben ready to jump into the phone booth. Next time - not so much. Hopefully, we get a Correction. Then "self-sustaining" expansion. There's lots of Money out there -- hopefully will come in - and boost the Economy. First chance - I think - is in May/June -- for big drop. Hopefully not until late 2012 or 2013. I discussed that in lots of words a couple weeks ago. I have some nuances - but alas - Moderated is broken.
-----------------i
if this Bear flag formation plays out -- it suggests about 500 - 600 points more down - below the 3/2 SL. That would be about 11500 or lower.
11650 is approximately sma90
11574 is the 1/10 SL - approximately where the flat of late December.
10984 is sma200 -- DJIA has not been down for a visit since September, 2010.
Ok - but – the DJIA is still Above the LBB -- and above 3/2 SL -- and 2/24 SL - and Over sma50. Lots of "obstacles in the way". I won't break out in song : ) But "I can see clearly now" :)

THE BOUNCE

TODAY, Thursday 24th February 2011
We continue to see oil climb and the markets react to the down side.
I am looking for a bounce today or tomorrow.
However, the bounce should fade and retest the lows again.
QQQQ has hit it's daily 50 SMA.


The typical correction of a weekly bear engulfing price, ( during this QEII rally) continues to move down for 2-3 weeks minimum.
Should things get nasty we could see a multiple month sell-off.
We broke our "watch" numbers yesterday.
"Watch for any break below these numbers.
Dj-30 12,156
SP-500 1311.74
QQQQ it is 57.49"

Bounce targets for the
DJ-30 = 12,196
SP-500 = 1311.32
QQQQ = 57.55