Tuesday, 20 August 2013

12pm update - bounce underway

The bears are unable to push any lower, and it would seem we're now in the early phase of a move back into the sp'1680s. Bulls should be content with any close >1655. Precious metals are holding moderate gains, whilst Oil is back to flat.



Well, for those going long at the open, today and tomorrow look set for good gains.

Frankly, I'm tired..of it all.

Worse case...1680s...but it just keeps pushing upward to new highs.. I see a lot of people out there now touting 1760/80s again..in the NEAR term. Urghh

I can only dismiss such an outlook..as based on the bigger weekly charts.