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Andrew Carnegie



Tuesday, June 7, 2011

Market´s Mood.....New!!!

Yesterday, the market continued to fall significantly for the fourth consecutive day. The DJ-30, closed at 12089.96 (-0.50%); S&P-500 in 1286.87 (-1.08%) and Nasdaq-100 in 2274. 48 (-0.78%). Most importantly, however, these indexes have broken significant levels of resistance or have confirmed their kicks.
Thus, DJ-30, confirmed the level crossing medium term resistance. His next stop could be in the 12000 points, but a major resitance level is located around 11560 points. This is the minimum level reached in March.
In the case of S&P-500, today fell below the minimum level from April. Its next support would be located around 1250 points. This level is the same as the March low and equal to the current SMA200 days. The next stop, would be 1220 points.



Our Table MM continues to show a negative mood for the stock market. This is reflected both in the short term and medium term. remember, when the stock market shows a negative signal in the medium term, about 75% of stocks, recorded falls. Beware of their positions and stop losses.

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