Monday, 6 August 2012

1pm update - pretty straightforward

Three baby hourly candles in a row, this latest up cycle is getting real tired. I suppose the algo-bots might want to yet wash out any stops at 1400, but the longer they leave it..the harder it'll be.



We have a very well defined wedge on the hourly chart.

Targets are pretty obvious...

sp'1355..take out last weeks low.

Although a close this Friday in the 1370s would break the current wedge.