Tuesday, 17 July 2012

2pm update - oh so tempting!

Hmm...it sure is tempting right now to start hitting buttons...

A rare intra-day update on all 3 major hourly cycles...

IWM (representing rus'2000 small cap)




We're approaching my re-short target zone of 1365/70.

I do NOT expect a new high >1374. I might be wrong, but 'worse case upside' is 1385/90, so I'd not be too annoyed if we jump a further 1.5% higher.

For the moment, I am not on imminent standby to start hitting buttons. The daily cycle is NOT showing a turn yet.

It is getting a little exciting though, we're getting so close to what could be micro-wave'2 of big'3.