On Friday, the U.S. stock market dominated by pessimism
On Friday, the U.S. stock market dominated by pessimism among market participants.
It published the results of General Electric whose profits in the 4th quarter was $ 0.28 per share, against the forecast of $ 0.26 per share.
At the end of the trading session U.S. stock indices closed in the red /Dow Jones -2.08%, S P500 -2.2%, NASDAQ -2.66% /.
From a technical point of view, in the last review, we noted that the Dow Jones came out of the side corridor 10234-10520 points up, that permitted the refinement of the height of the channel to 10700-10750 points. As a result, the Dow Jones reached a mark of 10729.89 points in the formation of the 5th wave in the small subvolne e, which developed in the framework of a wave with a big wave V.
In the future, “Bears” seized the initiative and for 3 trading session, the Dow Jones index dropped by 570 points, and in doing so had been overcome major uptrend from the beginning of March 2009. Also there was a fracture of the trends and other indices, including the index volatility.
On this basis, the Dow Jones could start forming 1-pulse down. At the same time on the hourly chart is oversold index that allows jump to 23.6-38.2% of Fibonacci from the fall on January 21.
Today, the level of resistance for the market participants will mark 10270 points and 10335 points. Level of support would be 10060 points.
On the hourly chart on the indicator MACD “bear” situation, and the indicator Stochastic”s on sale.
On the daily chart the Dow Jones index also remained divergent boundary formation in the 10250 points, but the point of confirming the change stood at 9430.31 and 9684 points, which is far from current levels. At the same time on the MACD indicator was launched twin “bear” divergence. Indicator Stochastic”s are on sale and in oversold zone, which allows for the current week consolidation.
C wave of the global point of view, the Dow Jones continued /completed the formation of a global wave, which corrects all fall to 38.2% -50% of Fibonacci to 9440-10350 counts.
remind that the Dow Jones on June 11 formed the first stage of the rebound in subvolny well. In the future, was the formation of wave b, which consisted of zigzag “abc”, where it was too short and has only reached the levels range between 23.6% -38.2% by Fibonacci.
January 19, 2010 to complete its final run up to the objectives 9950-10118-10159-10351-10510-11245 items in the waves with a big wave V. Also still remains level at around 11,245 points, representing 61.8% on Fibonacci of the total incidence.
If the formation of a global wave ended, it had to start building a global wave of up to 2012 to 2550-3500 points.
As an alternative and more complex options, which would delay the correction for years, then in this case the correction is permitted only jump, but not below 9283.77 points. If the Dow Jones index goes below this milestone, then finally come to the realization of the formation of wave C.
American statistics on sales of existing housing will have a significant impact on the outcome of todad0fy”s trading
After Drawdown Russian sites occurred at the end of last week, the market is ready for technical rebound
Today at the opening of the expected gradual decrease in quotations on the full range of liquid securities
In early trading the MICEX index falls below the 1400 points
Today the opening of tenders is expected to near previous closing levels on the equity market
In 2009, “IDC Center and Volga Region” attached to their networks more than 15 thousand consumers
Vladimir Putin instructed to develop a comprehensive strategy for the development of the North Caucasus Federal District
U.S. stock indices closed lower on Friday assured
Logistichnoe decision
