10am update - moderate weakness to begin 2014

The market opens moderately lower, with the  sp' slipping into the low sp'1830s. The 15/60min index cycles look set to be floored by the typical turn time of 11am. As ever, it is now a case of how strong the latter day recovery will be. Metals are bouncing.. Gold +$20


sp'60min

Dow'monthly

Summary

*note the upper bol 'on the Dow is now in the 16800s
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Well..we're off and running...with some weakness, but bears can't expect much in the near term.

Certainly, sub 1800s look completely not viable for some weeks.
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DRYS, daily

Probably just another wave as part of a back test. So long as DRYS can hold the $4s, the 5s or even 6s look viable within a few weeks.
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..updates across the day...and the year!  :)


10.06am.. sp'1834....1pt from the gap zone.. in theory..it will likely hold.

If fail..then door is open to 1812/10..but I find that hard to believe. Its time for the bull maniacs to start buying..right now.


10.13am... market looks to have floored at 1834...we'll know for sure by around 11am.

Regardless, those bears getting overly excited at the open..no...thats not going to end well.