Friday, 26 October 2012

2pm update - churning

Mr Market is still lost, trying to find an excuse to ramp hard...but it can't find it, at least not yet. The VIX is flat, and with two hours to go, its difficult to see anything other than a lacklustre close.




So again the question is 'who wants to go long into a late October weekend?'

I remain short, and will hold across the weekend. The weekly charts suggest must lower levels in this current cycle.

back at 3pm