Friday 21 September 2012

Closing Brief

A touch of weakness in the closing hour, but it remains all noise, and the broader trends remain up. The daily charts remain highly suggestive of a bull flag, with a target probably in the 1490/1500 level within a week or so.


sp'60min


trans'60


Summary

The tranny continues to collapse, the consistancy in the cycles is VERY interesting. Not that it matters for the bigger indexes, everything remains outright bullish.

I'm tired of it all though...

Have a good weekend