Wednesday, 11 December 2013

1pm update - afternoon battle

The rest of the day looks set for an interesting battle, with the bears aiming for a break into the 1770s, whilst the bulls fight to hold Dow 15800. Metals are weak, Gold -$5, and remains vulnerable into year end. Even the momo stocks are starting to turn red, ohh the humanity!


Dow, daily


Seeking general weakness into early Thursday, before the next heavy QE-pomo.

A break of the 1779 low looks likely, but the low 1770s should hold in the current down wave.

No doubt, a whole raft of doomers will be posting apocalyptic charts this I like to say...

Don't get lost in the bearish hysteria!