Thursday, 13 September 2012

12pm update - awaiting the (Spanky) Fed

Well, its the big hour of the month, and perhaps the year. Will Baby Ben start throwing more money into the system...we're about to find out!

Baby Spanky, 'the little rascals, circa 1931)

Meanwhile, back at the casino...




Hourly cycle is highly suggestive of at least some sort of brief spike to 1445/50 this afternoon.

Daily cycle is showing some good signs of levelling out. We're arguably very close to completing this up cycle, and I would look for at least a pullback to around 1420/00 within a few days.
I will look to short around 1445/50 later this afternoon.

More later !