Closed in red for our main index leaves on the ground that this eighth of 1, 77% scoring 38,182 points in closing. Back once again bearish trend while the short-term course to confirm the medium term on a weekly basis. The medium-term downward channel highlighted by the following graph and accompanying quotes from top in May, tonight is its dynamic resistance at the top of the channel at an altitude of about 39,600. At 2 static strength of 40,611 and 41,158 share tonight would add the new static resistance formed on December 12 at an altitude of 39,858. So to set a movement that is more bullish than usual bounce our index will be confronted and overcome this whole series of levels. Always dangerous downward failure of the minimum quota would encourage the violation of which 37,184 new dangerous excursions downturns. Later this year will post a study on the trading methodology based on the study of the pattern on the tenth anniversary of the DJ and SP500 of the Presidential Election Cycle. As already discussed extensively in the past from the beginning of the birth of this blog, these patterns predicted for the autumn 2007 the least important (then actually occurred) and a recovery of price lists for the last part of a rapprochement with the highest spring . The reality disable this' latest forecast especially with regard to our index, but not so for eg. for the DAX was reported tonight that close to historical highs, in fact confirming this expectation. As there is no foolproof methods forecasting staff continue to give particular importance to this methodology, if only because he put in prior to the 2007 Hazardous retracements then actually occurred, and a careful trader could take time for these suggestions and act accordingly, lightening or closing many of the positions in the spring.
I wish all readers a Merry Christmas and a happy Christmas.
SPMIB Weekly
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