Monday 27 August 2012

2pm update - micro-moves

It looks like the hourly cycles are done, and we're way due for a down move across Tuesday and into Wednesday.


sp'daily5


Summary

So, lets see if we get a rollover, and then the issue is whether we can break the previous low of 1398. A close in the 1390s will be the target for Wed/Thursday.

Yet, in the scheme of things, these are indeed embaressingly small moves. As I noted a few weeks ago, 'most people' should turn off their screens and come back in mid-September.

Stay tuned.