Wednesday 21 November 2012

Closing Brief

The market closed moderately higher, on what was (as expected) a low volume algo-bot melt upward. Primary target zone remains sp'1410/25 to be hit next week.


Dow



Sp'



Trans


Summary

As expected, the market was in low volume mode, which allowed those nasty algo-bots to take command, and melt the market very slowly...oh so slowly.... upward.

There is simply no point in trading just prior to most holiday breaks, I'm glad to be sitting this nonsense out.
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bits and pieces across the evening.

*I'll post something tomorrow, maybe a look at the $ or WTIC Oil.