Global issues from a number of those that would be a “second wave” of the crisis or whether to return the era of the strong dollar - we now do not touch.

When it was the “first wave” of the crisis - one in the stock market this is not warned about its possible advent was much less than now on the second series of economic apocalypse. Came and covered …

From simple traders were saved only by the lucky ones, or those active players who are not neglected “Stop.” Think yourself, how many times have you started to believe in the infinity of the fall, and how many times included in the “long” positions in the hope that this time certainly reached the bottom of the quotations.

If the “second wave”, it will be the same fatalism.

The only thing that comforts, that the “second wave” when it comes to reality, it is unlikely that it will be just as powerful as the first and failures quotes Russian securities to a minimum in 2008. Investors already know that they will eventually come the big players and authorities, and not to drown himself, will give in captivity and rescue boats sinking place, but not panicked citizens.

At the moment we have a lot less to global challenges, and we believe that it is better to focus on them, because they are solvable and have concrete answers.
We experience that the shares of Polyus Gold, our existing portfolio in the medium just flounder over an important line correction on the Fibonacci 61.8% to the fall of quotations from May to September 2008 (1474/1477 rubles). We like these stocks, but understand that if tomorrow they will not return for firm strategic milestone, it would be safer to part with them.

Also, we are unsure how to put more agile application for the purchase of shares in Rosneft - not zhadnichaya around 228 rubles, or exactly at the level of the uptrend from the December 2008 225 rubles. If it were not suspicious behavior of a weak market amid expectations yield important statements of the company, we would not be smaller and not taking aim, for the purpose of securities for at least the local resistance of 237.8 /237.5 rubles.

confuses us weak position papers “NLMK”, which look worse than their steel counterparts. But we are not panicking, a year of active trade in these shares, we”ve learned that they are more volatile than shares “CMI” or “TMK”. Note that the last time last week, when we looked closely at the schedule for the issuer, we concluded that the best quotes are subject to trends than the Fibonacci levels, that they dramatically from a technical point of view different from the shares in Polyus Gold. Perhaps it”s because the paper “NLMK”, though lively, but not too hysterical. Although now no longer have to guess what is more important to market the plant - trendlines and fibo levels. For the main trend of the market in November 2008 moved up to an important level of stretching Fibonacci 61,8% to the fall of quotations from January to October 2008. They are found in the 88-89 rudders.

We are busy pressing matters, as they say “die met, and rye this”.

The U.S. economy grew
Forex - in the European session
Bidding on the market place against a background of high volatility, the leaders reduction Rosneft and Gazprom Neft
In the steel sector now dominated by selling on the background of reducing the cost of industrial metals
The market remained “bullish” idea: “Gazprom jumped inside the day up to 2.5% on the results of financial statements for the III quarter 2009
In 2009 RusHydro sent 8.5 billion rubles in technical renovation and reconstruction of the generating facilities
In the 4 th quarter of 2009, Mechel cut coal production by 4% to 5.434 million tons
Net profit of Rosneft on US GAAP for 2009 decreased by 36% to $ 6.514 billion
Overview of the market of precious metals for 29.01.10