Friday 24 August 2012

Closing Brief

Most indexes closed a little under 1% lower for the week, could be suggestive of a turn, yet the monthly trend is still very much cruising higher.

This time next week, we'll have that annoying 'Benny @ the hole' nonsense out of the way..It never seems to end..does it?

The closing hourly index charts


IWM



Dow



Sp


Summary

Very little to add, its been tiresome week of waiting. Bulls can claim 'we made a new high', whilst bears can claim 'net weekly declines'.

*I'll post a few other things later this evening, with something major on Saturday, otherwise for now....

Have a good weekend.