Thursday, 7 January 2016

2pm update - another bear flag plays out

With a break to a new intra low of sp'1942, this mornings bear flag has already played out. The VIX confirms the increasing downward price pressure in equities, with a new high of 25.23. Further equity weakness looks due.. at least to the 1920/00 zone. How Friday closes is what now matters.




*with a move below the lower gap zone of 1951, there is empty air to the 1920/00 zone.

Well, its getting tiresome to me....

.. as the mainsteam, and indeed, some I personally know.. they just don't see it.

They.. simply... .don't   ... see........ it........ coming.

.. and right now.. I got nothing else to add.