DANGEROUS BEARISH

FUNDAMENTAL ANALIYSIS!!!

News from Bloomberg

WORLD - Finance chiefs from the Group of Seven nations joined the chorus of U.S. investors and lawmakers pushing Treasury Secretary Timothy Geithner to move faster to fix the banking system.

The G-7 finance ministers and central bankers want Geithner, 47, to tackle a U.S. credit crisis that lies at the heart of the worst global recession since World War II. Bank stocks, as measured by the Standard & Poor’s 500 Financials Index, have fallen 30 percent this year and ended last week lower than before Geithner presented his rescue plan on Feb 10.

The group said it rejected protectionism even amid signs some of its members are shielding their industries to the detriment of rivals. The statement softened previous calls for China to accelerate gains in its currency by saying it welcomed the country’s steps to bolster growth. That should help “lead to a continued appreciation” of the yuan, the G-7 said.

Japan - Economic prospects are still deteriorating. Japan’s economy, the world’s second largest, shrank at an annual 12.7 percent pace in the fourth quarter, the most since the 1974 oil shock, the government said today. Companies from Microsoft Corp. to Nissan Motor Co. are cutting jobs, U.S. stocks fell last week by the most since November, and the World Bank said Feb. 13 the crisis may kill as many as 400,000 more babies every year until 2015 as poverty spreads.

Legal & General Group Plc dropped almost 6 percent on speculation the insurer is in talks with the Financial Services Authority over the amount of money it should set aside for defaults in its bond portfolio. Takefuji Corp. slid 9.5 percent after Japan’s third-biggest consumer lender forecast a full-year loss and the country’s gross domestic product contracted at an annual 12.7 percent pace. CRH Plc fell 5.2 percent in Dublin on concern the company may be considering a rights offer.

U.S. markets will be closed today for Presidents’ Day.

TECHNICAL ANALYSIS for DOW JONES INDUSTRIAL!!!

1.MA ( Moving Average )30 and MA40 already crossed by candlestick from top to bottom.

2.Already DEAD CROSS!!

3.Now its Moves DOWNSIDE THE BOX or under 7941 point, VERY-VERY DANGEROUS SITUATION!!

4.RSI(Relative Strength Index) line moves below 50%, will reach 30%!!

5.CCI(Commodity Channel Index) still below in -100 line!!!

MY SUGGESTION DO NOT BUY ANYTHING UNTIL REACH 8385 POINT!!!
TOMMOROW I WILL SELL MY ANTM STOCKS BECAUSE it already moved below MA30!!