Wednesday, 28 November 2012

3pm update - Mr Market and Moon Madness

Mr Market has certainly put in a strong reversal today, and we're now seeing yet another up cycle play out. A close >1409 would be very bullish for tomorrow, and bring within immediate reach, my sp1425 target.




The hourly cycle is not even positive cycle yet on the MACD (blue bar histogram), there is plenty of upside in this wave, a good 4-6 hours.

My target of sp'1425 is indeed very possible tomorrow...and so I remain...waiting.

*outside the full moon has risen over the city, and is looking mighty powerful - with Jupiter just to the left. There is a lunar eclipse tonight, but its not available everywhere. Go take a the east, this evening ;)

back after the close.