Wednesday, 15 August 2012

Closing Brief

Another day of nothing. We close with most indexes all holding within their ever narrower bearish wedge. The Rus'2000 and the Transports remain a real mess, no clear formation I can fathom.

The closing hourly index charts...





The Rus'2000 and Transports were showing some strength today, I'm not sure what to make of it really, both indexes can be leaders, are they warning of ramps in the dow/sp'500 tomorrow?

A little more later, but conditions remain the same as over a week ago.