Tuesday 9 October 2012

Daily Index Cycle update

A very dull trading day. Yes, it was a semi-holiday - with the bond market closed, but still, it was oh so dull.


sp'daily5


Summary

I think the above sp' chart summarises all that needs to be said today. We did close a little lower, but we remain in a broad uptrend, today was day'9 in the trend.

A Tuesday close under 1450 would be marginally interesting, but even then, until I see the recent low of 1430 taken out, this is all still within a larger up trend.

A little more later