Wednesday, 19 September 2012

3pm update - messy

We're experiencing low volume mess. I suppose you could count a 5 wave moev since we snapped higher Sept'6, with us being in the fifth higher. I don't much like to count this nonsense though lately, its all mostly noise.

The daily underlying cycle is still suggestive of a rollover, but really, its IS a messy near term outlook.




Things are even a little more mixed  than I was looking for today,

Its been around 3 months since we had a proper down day, and frankly, it sure doesn't feel like one is imminent. Its not so much 'calm before the storm', as just...the boring doldrums.

AAPL hit $703s earlier, clearly the QE is working................./s

More after the close