Monday, 6 August 2012

10am update - quiet Monday

I'm really not expecting anything from today. I'd guess we see morning gains turn slightly red later in the day, with a flat close.

If today is the top of another small wave, then look for falls Tue/Wed, with yet another attempt to break the lower channel later this week.



Near trend remains up, but we're at the top of the channel..and its been a very reliable channel. A move down to sp'1350 is viable near the end of this week, but that would still not violate the broader trend.