Tuesday 13 November 2012

3pm update - closing hour of bailing rats?

Mr Market is struggling, with just one hour left of the trading day. The VIX is still battling to stablise in the mid 16s. A close <1380 would be useful to the bears, as a bearish lead into tomorrow.


sp'60min



vix'60min


Summary

Well, lets see if some of those stinky rats decide to abandon ship, and if we can close the indexes a touch red. A fourth consecutive close under the 200 day MA @ sp'1381 would indeed be...useful.

I remain short, and will hold into tomorrow.

back after the close
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UPDATE 3.15pm I do like this trans hourly chart, with count.. we should in theory snap much lower tomorrow





Rats sure are getting twitchy, with 45mins left. SP'1376 or lower, would be a real bonus after the earlier mini-ramp.