On Friday, the U.S. stock market dominated by pessimism, despite upbeat GDP data for the 4 quarter.
So GDP in the fourth quarter totaled 5.7% against the forecast 4.7%, however, in general, due to higher stocks in warehouses in the hope of further sale.
also worth noting that in January 2010 was closed in the red, and the first 5-Th trading sessions in positive territory, thereby repeating the situation in 2009. Who will win this year?

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.52%, S P500 -0.98%, NASDAQ -1.45% /.

From a technical point of view, on Friday the Dow Jones index at the beginning of the trading session tested the upper limit of downward flag, after which the index set a new local minimum of 10044.66 points in the formation of the 5th wave. The lower boundary of the flag in the area of 10060 points and was able to provide good support. A weekly schedule is closed in favor of "bears", and a month - falling star, which in February to confirm. This week, after the formation of the 5th wave is allowed correction of the fall and rebound against the euro bucks, where the maximum to reduce the under 1-second pulse appears mark 1.3645-1.3650 and 1.385.

remind that the Dow Jones index form 5 wave decline down in the 1-second pulse. After his graduation bulls will be adjusted every drop of 23.6% -50% of Fibonacci. To do this, "bykam" should pierce 10238 points and 10044 to keep the item.

At the same time on the MACD indicator is a triple "bullish" divergence, it is therefore likely that in the 5th wave, bounce protection could be the 2nd subvolnoy, then began on 3-th subvolna to 9940 points, but while this option is unlikely need a smashing figure.

Today, the level of resistance for the market participants will mark 10220 and 10270 points and 10315 points. Level of support would be 10050 points.

Local fractal purchase is on the mark of 10729.89 and 10285.13 points, but on sale at the mark of 9786.11 points.

On the hourly chart of the MACD indicator divergence formed, and the indicator Stochastic"s in buying.

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.

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 version, 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.

Russia at the opening of the market is waiting to move dod19wnwards, while the MICEX index will test support around 1400 points
Today, continued decline of commodity stocks, the market can look better "telecom"
Technical analysis of oil prices, U.S. index and a pair of euro-dollar - all spoke in support of domestic "Bears"
In 2009, the company reduced shipments of ChTPZ pipe production by 23% to 1.131 million tons
Sberbank intends to acquire 60% stake in manufacturer"s packaging GOTEK
LUKoil signed a contract to develop West Qurna-2 in Iraq
Net profit of "Gazprom" for 9 months of 2009 under IFRS was reduced by 33% and amounted to 470 874 million rubles
The U.S. dollar continued to strengthen steadily against the European and "commodity" currencies
Review of the FOREX market for 29.01.10