Tuesday, 7 August 2012

3pm update - closing hour chop

Another quiet day. No rumours, no real news, no real volume.

*consumer credit data due out at 3pm.



A fair few people out have given up on any count since the June low of sp'1266 and I'm one of them.

For the moment, it remains a case of higher highs..and higher lows. Only with a break of 1354 can anything be said to be starting for the bears. Right now...the low 1350s look a long way down.

A little more after the close.