Dow Futures Expiry.

Today is the 3rd Friday of the month and the Dow Index Futures expires.Traders will be actively executing their rollovers of contract to the forward month and this is the time of highest liqudity and stocks activity.Today is also the mid-month and also the Pivot Point.Traders who have short all the way down from high will be doing their short-covering so the market is poised to shoot up.

Concerns about consumer spending and the unfolding global credit crisis has driven some well-known stocks -- especially in the financial services sector -- to lows for the year. Bargain hunters were seen rushing into the market ahead of the weekend to take advantage of lower prices.

Concerns about the holiday shopping season sent Wall Street lower on Thursday.

Also weighing on investors was continued concern that turmoil in the credit markets will force more banks to writedown bad investments. There were also reports late Thursday that Residential Capital, the troubled mortgage lending arm of GMAC, was close to breaching bank loan covenants.

Oil prices rose amid expectations that global crude supplies will remain tight despite a U.S. oil inventory report that showed a surprising build in domestic crude stockpiles. Light, sweet crude rose 70 cents to $94.13 a barrel in electronic trading on the New York Mercantile Exchange.

There was little in the way of economic news expected Friday.

Tracking the Dow on Thursday 15/11/07
Yesterday's last minute closing candlestick was a shaven top & bottom with no shadows whatsover.Normally with this type of bullish new candle is bound to burn off entirely or partially.This is so as to what happens at the opening bell;10.00am;10.30am;12.07pm;1.45pm;3.15pm; & 3.30pm.as seen in the chart.Anyway the last minute candlestick at the closing bell was a pretty "Bullish inverted hammer" signifying that the bulls will be on hand the following day.http://www.litwick.com/indicators/1122.html


Due to the sudden powerful push on Tuesday,the two black crow descended back to level 1-2 so as to allow investors who have missed the boat to go onboard.
Friday & Monday pair of candlestick is known as the "Morning Star",that is the sun is rising.
http://www.litwick.com/indicators/1247.html
http://www.litwick.com/indicators/1130.html