Wednesday, 5 December 2012

Closing Brief

A really annoying day, but again..we saw the underlying weakness return in the closing hour. A micro double top is apparent on the smaller 60/15min cycles


The closing hourly charts...




Its a real mess on the hourly charts, not least the Dow, which almost broke above the recent peak. I'm really not sure what to say when I see the Dow' right back to where it started.

The other indexes - including the important transports, not yet above the peak, but its way too close for comfort.

I remain short overnight (gods help me), and am still seeking sp'1385.
The usual bits and pieces across the evening.