Wednesday, 4 April 2012

11am update

*I guess I'm in the mood to post a lot these past few days!

I'm guessing we have floored, at least for a few hours.


*I am long from IWM 81.79. It should be okay for at least a bounce to the 10MA - which is of course falling quite rapidly..
target, by end day : 82.50/75


Sp' still stronger than IWM.
From a cycle perspective, we're pretty much exhausted, at least for a few hours.

I will exit longs, if we can get a good enough bounce. 82.50 would be a worthwhile exit, and come back tomorrow. maybe for an even better entry lower down, before the Friday jobs data.
good wishes..for what is..quite an interesting day.