At the end of the trading session U.S. stock indices closed in the red / Dow Jones -0.66%, S P500 -0.81%, NASDAQ -0.76% /

Written by admin on October 19th, 2009

On Friday, the U.S. stock market dominated by pessimism among market participants on the background of the publication of financial results of a number of companies. This loss Bank of America in the 3 rd quarter amounted to 0.26 per share, against the forecast 0.12 per share.

also been published net capital inflows, which in August amounted to $ 10.2 billion from - $ 107.7 billion a month earlier. Index of the University of Michigan consumer sentiment in October was 69.4 against the forecast of 73.0 and 73.5 in September.

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.66%, S P500 -0.81%, NASDAQ -0.76% /.

From a technical point of view, on Friday the Dow Jones opened with gepom down, breaking the lower limit of the diagonal triangle, after which the bulls during the session, a testimonial for this border from the bottom up, adjusted decline of 15 October to 61.8% by Fibonacci, which allows the resumption of decline.

On the daily chart the Dow Jones pushed from the top of the flag /divergent triangle formed where the wave is,

At the same time, an hourly chart of the MACD indicator is still triple bear divergence, and the indicator Stochastic's in buying.

On the daily chart the Dow Jones index continues to move at once in 3 classic formations, such as divergent triangle, a wedge, and the local rising flag, whose upper limits tend to 10090-10200 points.

remind that the Dow Jones index moves in the bottom of the flag abcde, as described above is now being formed with the objectives of e-wave 9922-9945 points, then 9955-9963-10070-10118-10159 points.

On the daily chart of the MACD indicator double bear divergence. Indicator Stochastic's located in the purchase, but in the overbought zone.

C wave of the global point of view, the Dow Jones is still at a formative stage of the global wave, which corrects all fall to 38.2% -50% of Fibonacci to 9440-10400 counts.

So temporary factors rebound American indexes should be about 6-7 months after 1.5-year-old decline. Now is the 8th month.

Also do not forget that January 2009 was closed in the red, which is a leading indicator for investors in the U.S. and said that the year may be closed in the red.

So, 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.

Now we can see the final run up to 9400-9500-9637-9950 items in a wave with a big wave V.

Once complete the formation of a global wave of B, then begin building a global wave of up to 2012 to 2550-3500 points.

The growth of quotations on oil for the next annual maximum support quotes Russian securities
Following Friday the value of the MICEX Index reached 1317.07 points, which is 1.83% below the previous day's close
Today is not ruled out an attempt to rebound in the shares of banking and oil and gas sector
External background moderately negative for the market of Russia, America closed lower, Asia traded mostly down
Raised oil prices could provide support not only the papers of oil and gas companies, but also the market as a whole
On Friday, the U.S. stock market dominated by pessimism among the bidders
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