The technique, developed by Bill Wolf, sugges1000ts that the inertia that has the place to be in the financial markets can be usefully applied to predict the price dynamics of market instruments. A Newton"s Law, or Law of Inertia is a major factor for such predictions. Drawing attention to the Russian stock market, namely, the shares of Rosneft, it becomes obvious that the current situation continues to have to lower prices.
Using a technique called "Wave Wolf", from the top on the bar, or "candle" schedule, we determine tochnku the beginning of our reading of the new wave. To generate the level of trust we need to find at least 4 reference points. Point 2 - starting for this reference. Having said that, we can find a point 2 only once formed the points 1 and 3. Point 2 does not necessarily have to be long-term trend reversal, voplne enough to make it a minimum of such fluctuations. One of the prerequisites is that tochnka 3 should be above the point 1 and point 4 should be lower than point 1, as shown in our example.
drawing a straight line from point 1 to point 3, we got a point, 5 of which began turning purporting to point 6, namely, - 200 rubles for Rosneft shares in the short term.
Recommendation : Short selling of shares in Rosneft to 200 rubles per share. In the case of force majeure and change the overall mood of the market, the level of stop-loss is determined by the position of 247 rubles per share as the last note of the local peak of the market.
| Log in and enjoy the material;;
5; users rated material 2,8. |
Analyst Ratings |
Bad debts are growing in price
Ukraine continues to cheapen the euro and the dollar
Latvia intends to refinance the majority of the international loan
Turchinov: In Ukraine until the end of 2010 based offices Ukrposhta will open 500 gosaptek
Euro to dollar collapsed to a minimum 8 months because of budget problems in the euro area
The fall of U.S. index was the highest since April on the negative from the labor market
The Asian indexes fall on Friday, the fastest pace in 10 weeks
On the MICEX index closest range of support is near 1340-1350 points in the next few hours the market will trade at current levels
The main sales have been exhausted and labor market data can change the mood of investors