Friday, 1 February 2013

12pm update - 5pts down..15pts up

It has always been the problem that the bears have no power, certainly relative to the ability of the algo-bots to melt everything upward. The last two days are a classic example. SP -5pts...but each time the up cycle comes, it outguns the pitiful earlier decline.




Frankly, there is now nothing for the bears to hold to. Absolutely nothing.

Forget about that giant wedge. Forget about the divergences.

Price action is what matters..and with a new is right back into cruise control mode. Once again, bulls start the month in a powerful form. 

time for lunch