Wednesday 7 November 2012

1pm update - eyes on the prize..sp'1345

Mr Market is seeing a very natural bounce. Target is 1405/10. More importantly though, the key target - as based on weekly index cycle... sp'1345/40..within the next few trading days.


sp'15min


sp'weekly2


Summary

Standing by for a re-short, somewhere around 1405/10..prime time will be 2pm or so.

Lets be clear, I'm gunning for a primary exit around 1345, but I'll try to trade in/out sometimes, to avoid any stupid intra-day bounces - like we are seeing today.
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back at...2pm