Starting sluggish growth, a week in the stock market ends in a collapse. Remains of demand driving the market for the first two days of the week, quickly evaporated when oil prices moved down.

The average result for the week on all the most liquid securities are in the minus four percent. Among the blue chip leaders in growth during this period were common shares Uralsvyazinform (5.8%) in the wake of lifting many telecoms, most of which, however, belong to the "second wave", as well as Chairman of Audit Committee (2,8%). In the outsiders were preferred Sberbank (-3.3%), losing their potential, demonstrated in 2009, and Norilsk Nickel (-2.8%).

Today, falling oil prices continued to put pressure on the market, but low opening and then succeeded by a small reduction of almost the entire spectrum of liquid securities. Turn up contributed released in the U.S. unemployment figures. The day closed in complete uncertainty, one can only guess where the market opens and will go on Monday. The most negative result showed privileged Rostelecom (-4.9%) and VTB (-4,5%). The least affected today Sberbank ordinary (-2%) and privileged (as -2%). In the plus side the eternal outsider market ordinary Rostelecom (1,2%).

Mid dynamics is clearly visible on the daily chart of the MICEX Index.

attempt to pass an important support level at 1,390 points (blue line on the graph), which failed last week, finally ended his breakdown on this.

In addition, the index went down the level of long-term uptrend (red line on the graph), indicating that the dynamics in the context of several months has been replaced with a bull to a bear. Now to the movement down is the level of 1250 points.

Therefore, in the next few weeks, we, with high probability, see the market correction to all debts increase, which began in July 2009. Based on history, a serious correction for our market is falling by 25-30% from a peak itself. Therefore, following this rule, you can roughly determine where the index will be when the dust after the collapse starts to drop. This is the area between 1050 and 1120 points.

Clearly, the expected drop will go to short-term rebound and the pause time, but muste67take time in the month.

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