Wednesday 19 December 2012

11am update - quiet morning

Aside from the expiring December contracts - resulting in a few minor jumps in various things, its quiet out there. The moderate declines are to be dismissed as nothing other than noise. Unless we trade back under the recent low of 1413, the primary trend is most certainly still upward.


sp'daily5



Summary

...nothing to add...its quiet.
-

GE is lower, and arguably breaks what is a giant bear flag. Its the kind of chart I was looking for with the main indexes, oh well.  I'm honestly not sure what the reason for this mornings fall in GE is, ex-dividend?



Regardless, first target would be the 200 day MA around 20.40