Friday, 15 March 2013

12pm update - Friday chop

As expected, the declines just can't hold, and the VIX looks like it could it close in the 10s. Near term count is suggestive that today will be a minor top, before a small decline, and then a greater top completing in the latter part of next week.




A choppy opex, as expected, and with a big POMO, market should hold together into the close.

No point in shorting the indexes until late next week.

back at 2pm