A socialist-orientated economic policies.

In a free market, prices are set by consumers when they buy, or don't buy, a particular product. If storeowners set prices too high, even by a few cents, competitors will make a profit by undercutting them.

Whereas in a socialist economy,the economy is towards social goals rather than individual profit.
The five economic models within the rubric of socialist economics:

1) Public Enterprise Centrally Planned Economy.

-all property,key economic decisions are made centrally by the State.

2) Public Enterprise State-Managed Market Economy.

- the use of price mechanism to increase economic efficiency.

3) A mixed economy.

-where public and private ownership are mixed.

4) Public Enterprise Employee Managed Market Economies.

-publicly owned, employee-managed production units engage in free market exchange of goods and services with one another as well as with final consumers.

5) Public Enterprise Participatory Planning.

-social ownership of the means of production with allocation based on an integration of decentralized democratic planning.

Venezuela the model socialist.

In Venezuela, government inspectors accompanied by soldiers temporarily shut down dozens of retail stores on Monday in an attempt to prevent big price increases following the devaluation of the country’s currency, according to the Associated Press.

Three large stores of the Exito hypermarket chain, majority-owned by France-based Casino Guichard Perrachon SA, where shut down for 24 hours.

President Hugo Chavez says that the currency change will discourage imports of non-essential goods and encourage domestic production of items such as food.

The government had held Venezuela's currency, the bolivar, at an official rate of 2.15 to the U.S. dollar since a devaluation in March 2005. Chavez set a new two-tiered exchange rate Friday, pegging the bolivar at 2.6 to the dollar for priority goods such as food and medicine and 4.3 per dollar for imports of non-essential products such as air conditioners and electronics.

Tracking the Dow,Friday 15/1/10.Index Futures Expiry.(Pivot day of Month)
9:30am:--A bearish unshaven opener with futher piercing.

10:30am:--The slide is pretty fast and steep.Hangman presence.

11:30am:--Graveyard doji,hangman and hammer.

12:30noon:--Completing the morning session low.Bullish spinning bottom seen.

1:30pm:--Retracement but still below bear pivot.There's an inverted bullish hammer.

2:30pm:--Failed to reach bear pivot resistance,pullback.

3:30pm:--Bear resistance breached,weak bulls holding on.

4:00pm:--A short covering is imminent in a fllow through.

Finally the bears have intelligently used the pivot day of the month and happens to be Dow's December month index futures expiry to engulf the whole week profits.

Overall this month's candlestick pattern is still bullish.

Mounting losses from loans at JPMorgan Chase & Co. and a disappointing consumer sentiment reading sent investors rushing from stocks on Friday.

On Monday,The Markets will be closed for Martin Luther King Jr. Day