Thursday, 9 May 2013

2pm update - latter day melt

The earlier decline of sp -5pts is now already full negated, and we've broken a new high in the 1635s. There is simply no reason why today will end any differently. Metals and Oil have similarly recovered most of their earlier declines. USD is holding gains of almost 0.5%



What to say? Its just the same thing..every day.

Sure it will end at some point, but we could be looking at months, rather than just another week or two of this.

I will hold to the primary target of Trans 7200, which equates to sp'1800s by the late summer.