Wednesday, 15 August 2012

1pm update - boring nonsense

I'm getting real tired of this. Its day'8 in a trading range of just 20pts on the sp'500 index.




Both the hourly and daily charts are clear. In price terms we are flat lining. Underlying momentum (see MACD) continues to weaken. At current rate of decline we'll get a bearish MACD cross next Monday.

Urghh, another 3 days of this 'nothing'?