On Friday, the U.S. stock market dominated by pessimism

On Friday, the U.S. stock market dominated by pessimism among market participants after the release of macroeconomic statistics on the labor market.

remind that the unemployment rate in September was 9.8% against 9.7% in August, and the number of new jobs outside agriculture amounted to -263 thousand, which was much worse than expected.

also worth noting that production orders in August fell by 0.8%, and the value in July, revised from 1.3% to 1.4%.

Also do not forget that January 2009 was closed in the red, which is a leading indicator for investors in the U.S. and said that the year may be closed in the red.

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.22%, S P500 -0.45%, NASDAQ -0.45% /.

From a technical point of view, on Friday, the Dow Jones broke the lower boundary of the flag, with the bulls during the session to test it from the bottom up, but bears were able to hold her back.

At the same time it is worth noting that the trading day was closed Dodge, while on the daily chart the Dow Jones had already resold locally. Remember that confirmation exit down the channel - line of 9252.93 points.

At the same time, the hourly chart on the indicator MACD bear situation, and the indicator Stochastic's on sale, now admits that the decrease in the index to 9389-9395 points.

Remember that earlier we saw a correction of growth of 18 August, and now will be final run to the below mentioned objectives. Great rebound, as a fall, develops threes.

Since September 23 we could see the completion of the formation of the 5th volny/9922-9963-10100 /in the wave with in the past the zigzag, but this rebound in the index should not go above the maximum of 23 September, as well as confirm the output down because of the breakdown point of 9252.93 points.

On the daily chart of the MACD indicator double bear divergence. Indicator Stochastic's are on sale.

on the daily chart are still optimists can hope to continue jumping with the objectives 9922-9945-9955-9963-10159 points, but would no longer be relevant after 9252.93 points.

C wave of the global point of view, the Dow Jones is still at a formative stage of the global wave, which corrects all fall to 23.6% -38.2% -50% of Fibonacci to 9440-10400 counts.

So temporary factors rebound American indexes should be about 6-7 months after 1.5-year-old decline. Now is the 8th month. Also do not forget that January 2009 was closed in the red, which is a leading indicator for investors in the U.S. and said that the year may be closed in the red.

So, the Dow Jones on June 11 formed the first stage of the rebound in subvolny well. In the future, was the formation of wave b, which consisted of zigzag abc, where it was too short and has only reached the levels range between 23.6% -38.2% by Fibonacci.

Now we can see the final run up to 9400-9500-9637-9950 items in a wave with a big wave V.

Once complete the formation of a global wave of B, then begin building a global wave of up to 2012 to 2550-3500 points.

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