While the MICEX index above the 1410/1405 points, more logical to wait for new annual peaks than good correction quotes

Written by admin on February 11th, 2010

Before the opening of trading on Russia"s stock market today, external factors even more confused than yesterday.

But visually more factors that play into the hands of "bears". Extremely positive effect, which could make our market ended in positive territory good trades on the American sites have already seen will be neutralized by blushing futures on the major overseas indices. Then the desire to grow, emerging from our quote of the day yesterday at the extreme extent, obviously must stifle the situation on the market of raw materials and the Asian stock exchanges.
However, and correction in Asia, and the decline in oil prices look very sham. Therefore, we recommend that domestic investors hold the previously discovered "long" positions in blue chips and popular papers "second tier". And the speculators to trade under the laws of unbroken for many graphs and medium-term "bull" trend. So get up in the "short" positions only with a temporary filter in one trading session, but better to look not shoot paper among low liquidity shares. Of course, even in highly visible paper this sector can not invest all of the portfolio, so that will have to earn povertetsya.

Note that while the MICEX index points higher than 1410/1405 (line correction on the Fibonacci 61.8% to the fall of quotations from May to October 2008), more logical to wait for the new annual peaks, as a good correction of quotations.

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Analyst Ratings


The main factor that will determine the dynamics of Russian sites in the near future, remains an American corporate reporting
In the first half of the trading session in Russia can again count on the market a few attempts to adjust
In an uptrend on Russia"s stock market has not yet traced the negative symptoms
Among the outsiders are now commodity stocks of companies that can lose 2-3%
The closest resistance level on the MICEX index was at around 1500 points, support - 1475 puntka
In the next few days unfold the struggle to overcome foreign 1500 points on the MICEX
About the turn of the uptrend would be to say, if the value of the MICEX Index fall below 1400 points
Forex: Euro on Wednesday morning fell to a minimum of 5 months, the problem of Greece is increasingly under pressure
In today"s Asian trading single European currency fell against the U.S. dollar to the minimum values for the last 5 months

 

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