Friday, 28 December 2012

2pm update - selling into the weekend?

 Mr Market is continuing to show weakness, despite repeated micro-rallies from the deluded bullish maniacs. There remains great uncertainty about where we'll be Sunday night in terms of the infamous cliff. What is clear, the weekly/monthly charts warn of...trouble.


vix'60min



sp'weekly2, rainbow


Summary

VIX showing renewed strength.
Red candle on the weekly index charts.

Holding to all original targets.

back at 3pm....(probably)