Friday, 4 January 2013

10am update - no sign of a turn yet

The market seems so be stuck around sp1455/65. A break either side of that range will be important to recognise. Anything over 1465, and we'll likely test the 1474, and I'd assume break through it - as the R2K and Transports would suggest. Another day or two stuck <1465..would be suggestive a retracement at least to 1440/35.


sp'60min



sp'daily5


Summary

Interesting action in Gold..and the dollar.
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I remain content to do nothing... on the sidelines. At least for now.