Friday, 28 December 2012

3pm update - closing hour mini-cascade?

There remains significant weakness out there in market land. The VIX is comfortably holding the 20s, and is looking to make its first spike to the upside...first target zone would be somewhere around 24-26.



For the bears, a close <sp'1406 would be useful, especially in terms of the weekly index charts.

Sub 1400/1398 would be a real bonus, but that is probably overly hopeful.

Who wants to go long into the weekend?

*back after the close, although my net is so lousy this afternoon, it might be some hours until I get to post the closing updates.