Iran testing the daredevils.

Iraq's capital Baghdad,a country which practises parliamentary democracy.
It gained its Independence - from the Ottoman Empire (October 1 1919) - from the United Kingdom (October 3 1932)
Estimated population in 2006:--26,783,3834
The Republic of Iraq, was known in ancient times as Mesopotamia, the world's first civilization. The ruins of Ur, Babylon, and other ancient cities are there, as well as the legendary location of the Garden of Eden. It was on the banks of the Tigris River, which passes through the capital Baghdad, that writing is believed to have originated.
Maysan province lies in the east of the Iraq, bordering Iran. Its capital is Al Amarah.
Its proven oil reserves of 112 billion barrels puts Iraq second in world rankings, behind only Saudi Arabia, the United States Department of Energy estimates that up to 90 percent of the country's oil resources remain unexplored.
Iranian forces entered Iraq at dawn yesterday and occupied an oil well in the East Maysan oil field.It's planning a new moslem calender year of miltary conquest.The border “is not clearly delineated, is in desert.The Maysan oil fields, also known as Missan, were among the development contracts offered to foreign oil companies in June, though no bids were received.
The shared border of Iran and Iraq is contested territory that has remained an uneasy fault line since the end of a debilitating war that stretched over eight years in the 1980s.
Iran's nuclear technology intention is now in grave doubt about its promise to use for peaceful purposes only, Obama told a news conference at the conclusion of a G-20 summit.
Iran is speeding down a path to confrontation and demanded that Tehran quickly "come clean" on all nuclear efforts and open a newly revealed secret site for close international inspection.
He said he would not rule out military action if the Iranians refuse.
The underground facility, a cluster of 3,000 connected centrifuges, was within a few months of being completed when Iran made the surprise disclosure of the site on Monday to the International Atomic Energy Agency, the nuclear watchdog.
A senior administration official said Saturday that Tehran made the disclosure because it learned the site had been discovered.
Vice President Ali Akbar Salehi, who also heads the Atomic Energy Organization of Iran said the nuclear facility is next to a military compound of the Revolutionary Guard, Iran's most powerful military force, equipped with an air defense system. Salehi also said President Mahmoud Ahmadinejad told him he named the enrichment plant "Meshkat," which means Lantern.

The Dow,Friday 18/12/09 is Quadraple Witching Day.

The Moslem New calender year starts.(Awal Muharram)

Asian Index Futures expiry:31/12/09/(7 days prior,market will spike)
9:30am:--Bullish 50.0 points gap up.Get ready pullback filling gap.Early high shooting star.

10:30am:--Gap filled to nbear pivot with bearish hammer.

11:30am:--Morning session low established,now look forward retracemnt to MAV.

12:30noon:--A breakout of the bear pivot with dragonfly dojis,

1;30pm:--The MAV resistance finally reached for the afternoon session decision.Bearish harmai slowing the process.

2:30pm:--A bullish engulfing holding index near the MAV line.

3:30pm:--Attempted MAV resistance line failed,pullback to near bear pivot.Inverted bull checkmate.

4:00pm:--Last minute injury time short-covering.Closes above the MAV breakout.Bullish.
There aren't any economic announcements today, but trading volume has still been heavy due to the quadruple witching expirations.
Tech stocks led the market higher in choppy trading Friday.

Unemployment rates dropped in 36 states and the District of Columbia.

The Obama administration is setting aside $30 billion from the financial bailout fund for a program designed to encourage lending to small businesses to aid the economic recovery.

The start of a new contract month,December.A morning star pair is being formed.The spinning doji has completed a fraction of previous day.Time to short cover again back to the MAV of the month.