Today, we look forward to the opening of trading above the previous closing levels on the equity market.

On Friday, the U.S. stock market dominated by pessimism among market participants after the release of macroeconomic statistics on the labor market.

remind that the unemployment rate in September was 9.8% against 9.7% in August, and the number of new jobs outside agriculture amounted to -263 thousand, which was much worse than expected.

also worth noting that production orders in August fell by 0.8%, and the value in July, revised from 1.3% to 1.4%.

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.

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.22%, S P500 -0.45%, NASDAQ -0.45% /.

From a technical point of view, on Friday, the Dow Jones broke the lower boundary of the flag, with the bulls during the session to test it from the bottom up, but bears were able to hold her back.

At the same time it is worth noting that the trading day was closed Dodge, while on the daily chart the Dow Jones had already resold locally. Remember that confirmation exit down the channel - line of 9252.93 points.

At the same time, the hourly chart on the indicator MACD bear situation, and the indicator Stochastic's on sale, now admits that the decrease in the index to 9389-9395 points.

Remember that earlier we saw a correction of growth of 18 August, and now will be final run to the below mentioned objectives. Great rebound, as a fall, develops threes.

Since September 23 we could see the completion of the formation of the 5th volny/9922-9963-10100 /in the wave with in the past the zigzag, but this rebound in the index should not go above the maximum of 23 September, as well as confirm the output down because of the breakdown point of 9252.93 points.

On the daily chart of the MACD indicator double bear divergence. Indicator Stochastic's are on sale.

on the daily chart are still optimists can hope to continue jumping with the objectives 9922-9945-9955-9963-10159 points, but would no longer be relevant after 9252.93 points.

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 23.6% -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.

From a technical point of view, on Friday the MICEX index opened below previous levels, after which the bears have continued to develop rehabilitative movement within the expectations of output statistics.

In the second half of the trading session, after the release of statistics, Bears have increased the downward movement, but towards evening bulls tried to take revenge by leveling half the daily decline. The volume of the trading session totaled about 65 billion rubles.

Friday выдалась extremely volatile trading session on MICEX. So in the beginning of the session MICEX skhodu broke the uptrend in the region of 1195 points, after which bears headed to the lower boundary of the descending triangle around 1165 points.

After the release of statistics Bears have managed to overcome it and went already to the next important point in the vicinity of the estimated 1,145 items, some of which bulls have organized a counterattack. As a result, the MICEX index returned to the triangle, says that while leaving the formation of a false bottom, as previously was the emergence of a false top, which still speaks of the uncertainty of market participants and possible mood swings.

Therefore, we recall that the potential of the triangle is 45-50 points. Truth-in-out top - 1228.92 points and 1241.14 points, where the fractals purchase. Truth-in output down - overcome and consolidation below the lower boundary formation in the vicinity of 1165-1168 points.

Today closest resistance level will be trends in the 1201 and 1207 points, more points 1230-1235, 1255-1270 more points. Level of support will be standard in the 1165 and 1145 points.

In addition, the indicator Stochastic's is buying. On the MACD indicator is bear the situation.

With the short-wave point of view, the optimists believe that now is the formation of the 5th subvolny to refine goals 1230-1297-1405 items.

However, the current upward movement is likely, as the index Dow Jones, develops threes in the triple zigzag with the specified objectives of growth in the range of 1230-1250-1297 points. Thus the movement from 852 to 1130 points is considered as a wave in a wave of z. Then followed the rollback of 38.2% of Fibonacci on the wavelength and in the formation of wave b in the wave of z.

We can still go with the formation of a wave with a maximum to 1297 points, representing 100% Fibonacci of the wavelength and.

In addition, the daily chart the MICEX index as a whole forms a side corridor-triangle with a range of 1165-1225 points.

Locally optimists trying to complicate the correction in a zigzag, so the triangle /Comma delimited can be viewed as a correction of growth on 2 September, the 4th of small waves in the wave with further goals from the 1230-1235 jump points, then to 1250-1270 points /in the triple zigzag /, then have 1297-1310 points.

As for the bears, they still need at least 1145-1165 points lower than fixed, and will reduce the wait to items 1130-1135, 1105-1110 more points.

Nearest daily fractal for sale is located on a mark of 852.03 points, while the daily fractal purchase is located on a mark of 1241.14 points. Local fractal purchase is a mark of 1223.27 and 1228.92 points, but on sale at elevations 1148.05 points.

With long-wave point of view of the MICEX index in September to continue building a global wave of B, where the comfortable range of 1055-1230 points were rebound, which is 38.2% -50% of all Fibonacci from falling.

Kuklovodchesky scenario because of the establishment of the maximum, was temporarily not relevant, although the Bears is still retained 1,230 points. Development rebound transformed from a double at the triple zigzag.

If it is a double top, then begin building a global wave with a 50-150-250 items given a panic, and the levels can be achieved by the end of the year - mid-2010 that will be accompanied by the devaluation of the ruble to 40-60 rubles for 1 dollar, falling oil for 15-20 dollars, the Dow Jones index to 2500-3500 items.

As optimists, they believe that now is the formation of a wave with a big wave in the framework of a simple zigzag abc.

In the wave of bulls have formed a wedge because the 1st subvolny in a corrective wave, and then the 2nd subvolnu, reaching 545 points, representing 76.4% of the length of the Fibonacci 1st subvolny.

June 2 MICEX index set a new high, and completed the formation of the 3rd subvolny. July 13 complete the formation of the 4th subvolnu, which reached 1070-963-882 points, representing 23.6% -38.2% -50% of the length of the Fibonacci 3rd subvolny. Now is the formation of the 5th subvolny. After its formation, the implementation returns pessimistic scenario.

On Friday, we advised not to take action, the opening of short positions after the 1165 points, and was soon reached andthe first goal of 1145 points, which began about a ransom. Today, we advise to jump rediscovered short positions, do not forget about feet.

Forecasts of analysts: Stabilization of the external background can lead Russia's indexes plus
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Russia stock market today will begin the day with the restoration of their positions against the backdrop of American grown-futures
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Government Commission approved a plan to restore the Sayan-Shushenskaya GES