Monday 18 March 2013

11am update - blue IV complete

The morning declines are quite possibly complete. If the count is correct, this was the blue IV, and now we're just waiting for a blue V to complete the multi-month wave since the November low of sp'1343. We should done by Thursday.


sp'60min



Summary

Obviously this mornings recovery rally is annoying many of the bears out there.

Yet, its not exactly something we've not seen a thousand times in the last four years.

Oil has ramped..as expected.

*I dropped SLV a little earlier... that turned out to be a very frustrating trade.
---