Technical US market research: and Dow Jones. |
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“Last analysis for this 2008, one year historical which one will undoubtedly speak again a long time. While waiting, go in 2009, for, hope for it, an clear improvement. Good festivals with all.
- 12/16/08
Last week, my conclusions were the following ones: “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.”
Like a well regulated scenario, the consolidation interview last Tuesday continued until the filling of the bull of Monday, follow-up of a rebound Friday on triple support: the , the #D0486A support and especially the basis of the #DE5678 channel (resulting from the two low preceding points). And after a new impact Monday on this same #DE5678 support, set out again vigorously of before this Tuesday, to enclose with highest, on most of last week and in contact with the .
If there remains still an area of important resistance in the vicinity, it will be noted that volumes have translated for a few weeks a return of the purchasers: after December 5th and 8th which had seen a sharp rebound of the market, follow-up of a progressive decrease of volumes with the consolidation, one notes with the rebound of this Tuesday a new return of volumes.
For the weeks to come, one will thus supervise initially the behavior of the market vis-a-vis resistances chestnut and blue, towards 1600/1615. The crossing of this level should make it possible to continue in management of the 1790, corresponding to the high point of November 4th and the top of the #DE5678 channel. Beyond that, one will aim at the first resistance chestnut, then possibly the of the 1905/1947.
Contrary, a fast break of the #DE5678 channel should return on the bull of the 1384/1397. Its invalidation would then dive back the market in the doubt, management recent low then the bottom of the channel bear.
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Dow Jones - 12/16/08
As for , let us give a progress report on my comments of last week: “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. //Mais parks 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.”
It is finally at a week of consolidation to which we assisted, and it is only this Tuesday that skew foreseen bull seemed to take again the top, with a Net crossing of the . Meanwhile, more than one impact on the #FFF6FF channel (such as layout last week), it is with a light depression to which we assisted, who led me to amend this layout slightly. But this depression will have especially made it possible the to rebound on its and to carry out a sweater on the light #C73F61 layout (from where my decision to readjust the #FFF6FF channel). A new potential #FFCFF1 channel was in addition added.
This week thus, beyond the brittleness of the current location, assure to a certain underlying force bull who will have allowed the DJ to resist the attempts depressions and to rebound on important supports. The thus was clearly crossed this Tuesday, but there remain important resistances to cross to be able to speak about real revival bull. As for , one will note however volumes rather favorable to the rise.
Thus, the will have to be freed from horizontal from the 9000/9030 and resistance violet, to be able to claim with an acceleration bull in management from the 9650/9700, then possibly with beyond in management of the first resistance #FFD0F2 and resistance #FFF6FF old man (around the 80000
Park on the other hand in the event of failure against the 9000/9030, then of break of the supports pink, orange, and of the , which would dive back the DJ in the doubt, management the 8100/8150, then possibly the recent ones low.
Good holidays with all and return in January.
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