A summit of G-8 in France.

The earthquake disaster in Japan looks set to dominate a Group of Eight foreign ministers meeting this week in Paris as members discuss ways to coordinate help for the only Asian country in the group.
The crisis over Libya will also be a key issue, with the international community seeking to agree on how to stop a violent crackdown in the North African state by leader Muammar Gaddafi's government forces.
With no headquarters, budget or permanent staff, the Group of Eight is an informal but exclusive body whose members set out to tackle global challenges through discussion and action.It was founded in 1975, Rambouillet, France.
The G8's roots lie in the oil crisis and global economic recession of the early 1970s.
The countries are the United States,Canada,Great Britain,France,Italy,Germany,Russia and Japan.
G8 members can agree on policies and can set objectives, but compliance with these is voluntary. The G8 has clout in other world bodies because of the economic and political muscle of its members.
Nevertheless, G8 leaders strive to keep at least some of their encounters free from bureaucracy and ceremony. On the second day of their summit the leaders gather for an informal retreat, where they can talk without being encumbered by officials or the media.
The presidency of the G8 rotates between the group's member nations on an annual basis.
The country holding the presidency in a given year is responsible for hosting the annual summit and for handling the security arrangements.
As the foremost economic and political power in the G8, the US is regarded as the dominant member of the group, although this position is not formally enshrined.
Important countries with fast-growing economies and large populations, including China and India, are not represented. There are no African or Latin American members.
The Dow is 5 market day to Witching Day.(first quarter ending)
Highlight today: Retail Sales(moving news),Business Inventories,Consumer Sentiment.
Quantitative Easing:3 momths 14market days to go.
10:30am:--Japanese earthquake fear.Bearish open.
11:30am:--Bullish engulfing at session low.Crude-oil futures set a bearish tone in the energy sector
12:30noon:--Bullish inverted hammer near morning low.
1:30pm:--Index spike to session high.
2:30pm:--Pullback to bull pivot support.
3:30pm:--A bullish rebound.
3:00pm:--Closes at near day's high.
March being the end of fiscal year first quarter seems to be a bearish month.The bears are in control and any rebound will test the current month MAV resistance line at 12,109.71 which is very near to Friday's closing.
U.S. stocks advanced Friday as shares of energy and materials companies bounced on relief that large protests in Saudi Arabia failed to materialize and on expectations they could benefit from Japan’s rebuilding efforts.