Friday, 10 August 2012

1pm update - is it September yet?

The only winners today are those HFT bots buying MANU at 14.01..and selling at 14.05. Rinse..repeat.


sp'daily5b


Summary

I still only have low confidence in this formation/idea, but its something to keep in mind next week. A bounce in the 1360s looks very likely.

VIX is very weak again...14s are possible before the close.