Tuesday, 15 January 2013

Closing Brief

A very tiresome Tuesday, yet another day where we remained stuck just below the mid-Sept high of sp'1474 - although the Transports continues higher, along with the Rus'2000, both clearly headed for infinity





There is very little to say, the main indexes remain stuck, aside from the tranny/Rus'2000 both of which just keep on breaking new highs.

Its obvious to say, but either this is just a very extended topping formation (short term)..or its merely the market consolidating sideways before the next lurch higher.

Frankly, I'm really tired of this sideways nonsense, I'd almost prefer a brief snap to the upside.

Anything to end the current range!