Monday, 19 November 2012

3pm update - the bulls have command

In this somewhat strange short 3.5 day trading week, the bulls are most certainly back in command. The sp' is holding around the 200 day MA @ 1381, and looks poised for further gains in the coming days.




Primary target for this wave'2 bounce is 1425, although this is certainly subject to change.

There is the issue of time - as many chartists would note, although surely 6-8 trading days would be enough to fit with the wave'1 of 19 days (that assumes a start date of Oct'18)

As we move closer to the thanksgiving holiday, the bulls must be so relieved..they are back in command.

back after the close :)