Tuesday, 27 November 2012

12pm update - in a holding pattern

Mr Market is flying @ 1407, and appears to be taking a break, before the final lunge higher. Primary target remains sp'1425, by late tomorrow/early Thursday.




Things are still on track, which is very pleasing to see.

The intra-day waves are very small, and its merely allowing the hourly cycle to reset, and be primed for a good 4-6 hours rally Wed/Thursday - which would then hit my 1425 target.

re: MMR, a Forbes story to explain the last few days. Seems a major investment 'davy jones' well is having problems.

*looks like a fair few knife catchers are getting involved in MMR this morning. Very risky trade.

I remain patiently waiting for sp'1425 :)