Friday, 15 June 2012

3pm update - a rumourless closing hour..probably

I can only hope the closing hour is dull, it does no one any good what we saw yesterday.

With the market now hitting 1340, there will surely be some bear stops about to be taken out, a little move to the next fib' level of 1344/45 seems viable by the close. A little extra salt to rub into the bears scorched fur to end a tricky trading week.

sp' daily, 4mth


When you consider there is the VERY high likelihood of the Fed extending op-twist on Wednesday, purple box 1380/90 looks within range for next Wed/Thursday. That will make for a very good shorting level.

Almost time for England v Sweden.

yours...bullish Sweden.