Monday, 25 June 2012

1pm update - let them spike it

Those bull maniacs are laughably even more bullish now than they were last night - when some were touting sp>1363. After this mornings drop, they are still seeing 'bargain prices'.

Those 'bargains' will be somewhat cheaper by end July.




The tiny 15min cycles are very much looking like a little ramp is due imminently..

I will re-short,...probably around 2.30pm, which I've come to recognise as a somewhat 'magical' time in market land.  A re-short around sp'1320/25 would be very acceptable.

Stay tuned.