Wednesday, March 2, 2011

What Famous Soccer Players Number Is 69

Sull'indice S&P 500 la situazione si complica. Fondamentale la tenuta di 1290/1300.

(Click the graph to enlarge)
After a sharp decline yesterday, which saw the S & P 500 yield approximately 1, 6% and Dow Jones about 1, 3%, the scenario becomes more complex strongly on equity Stars and Stripes. Let me be clear: the bearish reversal signal has not arrived yet, but we can not deny that it is getting closer and closer. What immediately leaps to the eye, looking at the chart of the S & P 500 are the two Long Black on February 22 and March 1. It was a long time that the index did not suffer two such substantial declines in the space of six sessions. The bearish engulfing yesterday's heavy because it encompasses the entire previous two candles bullish end of February, and why should I configure a double top downward rather sharp and dangerous inclination. The decline was content with extreme precision from the bottom of the bullish channel establishment, in place since September 2010, loop portion 1330. We much attention to the range of values \u200b\u200bbetween this level and share of 1290, where the dish pass involute assumed (in yellow), static and psychological support of 1300 points, and above the moving average of 55 sessions. This equalization is not penetrated downward since August last year, and is the trigger for the start of a new downturn in the short to medium term, which would have a minimal target ceiling in 1225 and in 1170, level from which the latter passing the 200-day average and the base of primary bullish trend in place since March 2009. A correction of this type would not be dramatic, but it would be a healthy rebalancing of U.S. equity curve, which could create significant new opportunities for purchase. If the area between 1290 and 1330 were required to support even the courses would be some hope for the continuation of the trend in the secondary act, that would only further confirmed the breakout of 1350 points. The target in this case would be detectable in 1400 (the upper secondary trend) and then 1450 (the top of the primary trend). This second hypothesis appears less likely at the moment.

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