Monday, 11 February 2013

12pm update - rollover on the weekly?

The main market seems doubt partly due to the snow in the NE. The big weekly index charts offer a lot of empty air to the downside, but as has been the case for months..the bears have no power. Metals remain the highlight of the morning...significantly lower.

sp'weekly2, rainbow

slv,weekly2, rainbow


Not much to say, market seems lost..its just a holding-pattern day.

There is of course endless POMO $ floating around this market, so every micro-dip is being bought up.

Metals are indeed lower, and my target for SLV remains 28.50..that'd make for a nice exit..and then long into the early the 38/40s.

back a little later.