Thursday 22 August 2013

3pm update - turn the machines back on!

The Nasdaq has now been offline for over two hours, and the tech-maniacs are battling to re-open before the official 4pm close. For those day-traders out there, who want..or need to close out positions each day..this is going to be one hell of a closing hour.


Nasdaq 1min - the dead index-patient.


sp'60min



Summary

Everyone loves a bit of drama, yes? ;)
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So..lets see if they can get it running.
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The main indexes still look somewhat biased to the upside. Bulls should consider any close >1656 -  as a 'miracle'.
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3.11pm..amusing to see the cheer leaders rattled on clown finance TV. Not that they'll remember tomorrow..and nothing will change.

Could it all be just a test? ;)


3.27pm..and we're back up !

Market wants to break the sp'1656 high...a close in the 1660s would really smite the bears.

..and there goes 1656..and the bulls will be laughing into the close.


3.40pm..well, a close in the 1660s looking very likely, and that opens the door to 1680s within a day or two. Certainly by next Tue/Wed.

back at the close.