Wednesday, 16 January 2013

Closing Brief

The mid-Sept'2012 high of sp'1474.51 is holding...just. It would seem even the most bullish traders are somewhat cautious to be meddling around these levels. In any move lower, the sp'1451 level will be first target, with the first fib level around 1445.





A pretty tiresome day of nothing, just bumping up against the highs from last September, when the Bernanke (yet again) arguably saved the stock market from crashing.

*I remain short, seeking an exit in the lower sp'1440s. That now seems unlikely until the middle of next week. Note that Monday is closed !

bits and pieces..across the ever.