Tuesday, 22 May 2012

2pm update - another baby bull flag?

The Dow is looking like its building a baby bull flag. Whether it closes at the high of the day, I don't think it matters too much. A close above the hourly 10MA, currently just over 12500 will be kinda important.


So once again, the issue is how well can the market close the final hour? Can we get the second 'rally into the close' in a row, or will it revert back to what seemed a daily closing hour sell off?


Today's stock 'carnage'...even worse than FB...a loss making dirty coal company

PCX, daily   - where it seems a customer took the coal..but ain't going to pay! Urghh

Stay tuned.