Tuesday, 16 July 2013

2pm update - 5 waves...complete

It would appear the little 5 wave down cycle is complete, with the bears managing an sp -10pt decline to 1671 - which is interestingly where the hourly charts offer first support at the lower bollinger. Moderate upside into the close seems very likely




*Despite anticipating a floor, which I think will hold..I'm just not in the mood for getting involved.

Am tired of this nonsense.

With Bernanke speaking tomorrow, I should probably have sedatives on standby.