Files: Technical US market research |
- 12/9/08
Last week, my conclusions were the following ones: “For the next meetings, we will thus follow attentively to the rise the fate of the bear of Monday between 1501 and 1512. Its invalidation would make it possible to cross resistance light blue, and would initially give an interesting signal bull, which would be confirmed with the crossing of the 1535, for an objective about the 1650 ( and various resistances). Contrary, an invalidation of the of the 1384/1397 will return the markets to their doubts, with like objectives the 1300, then the support dark #C73F61 before support of the 1220/1230.”
Funny of week, with which will remain confined in last weekend between the two , not managing to approach the bull of the 1384/1397, but not daring to fill or invalidate the bear of the 1501/1512. It was necessary some of very little Friday evening, and one will need finally a bull Monday to make it possible to be extracted from this area of congestion.
A which will make it possible not only to invalidate the bear of the 1512, but also to cross resistances chestnut and light blue, with for primary goal the , higher and a new resistance chestnut. But pulled about between this objective and the open bull Monday (which makes following the left open under the 1400), formed this Tuesday a rather comprehensible tomb stone, sign of a hesitation and an incapacity to continue the front one, as attracted by the bulls and a need to blow.
It is this probable consolidation which we will follow for the next days, and which should make it possible to fill the Monday. Will then remain to see whether it will be able to set out again of the front one, as it the crossing of resistances of this week would suggest, or if it ends up being attracted by the first bull? Beyond the bull of Monday between 1510 and 1536, one will thus supervise the 1495/1500 (maroon support), then the and the 1450, whose break would not be good sign for the rebound in progress. A contrario, a crossing of the 1600/1605, then resistances chestnut and dark #C73F61 would cause a new acceleration bull with the 1790 then area of the 1900 like objectives.
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Dow Jones - 12/9/08
As for , let us give a progress report on my comments of last week: “For the meetings to come, one will thus supervise with the fall the #FFF6FF channel and more largely the #D0486A support towards 8020. A break would not be good omen, and would undoubtedly return the DJ on his recent low even level of the 7310/7430. Contrary, a confirmation of the #FFF6FF channel, the crossing of the 8500/8520, then of resistance light #C73F61 would send the DJ to the top of the #FFF6FF channel, resistance #FFD0F2 and resistance chestnut, and would even undoubtedly launch a movement bull of greater magnitude.”
The #FFF6FF channel will thus have held well, and clearly will even have been confirmed Friday, making it possible in the tread to the DJ to cross resistance light #C73F61 for an acceleration bull in management of the objectives given last week. But the presence of the still depression locks for the moment the , which marks a small installation this Tuesday in volumes in fall.
Simple intermediate resistance or real blocking? The elements in our possession this Tuesday evening militate clearly for an intermediate resistance, which should be able to be crossed after perhaps a new impact on the basis of #FFF6FF channel. An attack of resistance #FFD0F2 and its possible crossing should allow a new phase bull in management of resistance chestnut and top of the #FFF6FF channel.
But station with an always fragile situation and a possible break of the #FFF6FF channel and , all close relations. Such a rupture would be likely to plunge back the market in the doubt, and will initially return the DJ towards the 8150/8180, then undoubtedly the 8000/8030 before low annual.
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