Thursday, 15 August 2013

3pm update - still due a ramp

The market broke marginally lower lows - best seen on the R2K, but hourly pressure remains to the upside. Upside into the Friday close, into the sp'1680s still looks very viable. The real action remains in the metals, with Gold +$29




*an utterly tiresome and annoying day.

Frankly, I wish I was losing money today, at least I'd have achieved something.

Just where the hell is a decent re-short level? Looking at the daily index charts, why wouldn't we now see a giant wave'2/B to the upside, across the next 2 weeks?

Go stare at the hourly charts, ABC a large B up into late August?

If that's the case, then it will be utter waste of time for anyone shorting until early Sept.