Friday, 31 August 2012

10am update - At the Hole

Good morning. The Day of the Hole, and we're already in ramp mode.


sp'60min



sp'daily5


Summary

Lets give this nonsense a few hours to find a clear direction.

As I been noting for a few days, the problems the bears face is the MACD daily cycle is already pretty low, and right now, its starting to tick higher again.


Rus'2000, warning of trouble?

IWM,60min


The black candle of doom to open the day. Hmm, not the best of starts, and IWM is close to going red.