Friday, 8 June 2012

12pm update - its turning into a quiet Friday

Well, those early losses are some hours ago, but so long as we don't break the recent high of 1328, there is still the opportunity for this market to complete a larger wave'B down cycle to around the 1300 level. We might even yet break into the 1290s..briefly, just enough to scare the weaker bulls out.


sp'15min - with fibs



sp'60min


Summary

Taking no action so far today, no rush....and if target not met...I'm sitting it out until next week.

*Greece vs Poland...just starting ;)

I think the Greek team is too indebted to play though, or maybe they just all retired already...to a nice sunny beach.
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more later..time for lunch!