Friday, 14 September 2012

3pm update - another week soon to close

Well, it was the week of a 1.2 trillion QE package, a week where the Germans said Yes, and we've just one trading hour left to endure.

Thank the gods. I'm really tired !



First support is a very obvious 1450. I still think 1420 is the next viable target low for the daily cycle, but that could easily take 5-7 trading days to achieve.

For the moment, the bulls can justifiably laugh. The Bernanke has delivered, and despite it probably being a 'panic move', it will certainly help to prop prices up in the months to come, or should that be 'years'?


More after the close