Tuesday, 5 June 2012

3pm update - time to rollover..one last time

As the grey rainy gloom covers the city once again (matches my mood)...Mr Market is set to rollover again this closing hour. There is no longer any reason why any semi-sane bull should be holding long right now, not least overnight into tomorrow.

The only issue is how low is the final wave tomorrow. Just a touch under 1265, or maybe a brief move into the 1250s?




I bailed on index-longs just 30mins ago, I'm sitting out the next wave lower. I need a break from this nonsense, and besides, this last minute wave of 5' might not be that much. Hard to say, so I'm not going to play this next round.

More after the close.