Wednesday 7 November 2012

2pm update - shorting the bounce

Market has seen a significant bounce from the morning 1388 low. Primary target - based on weekly charts remains 1345, within the next few trading days.


sp'15min


Summary

Short from sp'1400. I may be somewhat early, but we've seen a significant bounce from the 1388 low.

Seeking 1380 (at least) tomorrow morning.

back at 3pm

UPDATE 2.15pm

We're seeing some serious resistance around sp'1400 /dow 13k.
This bounce is surely maxed out.

sp'daily5


I'd like to see a close <1395, which sets up a gap to 1380 at the Thursday open..possibly 'massively' lower.