Tuesday 19 August 2014

1pm update - call me when the melt ends

The slow grind continues, and we're now in the sp'1980s.. a mere 0.5% from new historic highs. The hourly cycle will be offering 1995/97 tomorrow afternoon. In theory, if Mr Market likes the FOMC minutes, then 2000s are briefly viable.


sp'60min


Summary

Little to add.

It would seem to be a case of how high will we melt to...by tomorrow afternoon.. and then...what degree of down wave could we get.

Friday morning... bears need to just break 1975 to cause some trouble.
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Notable gains...AAPL, +1.3% in the $100s. Many seem agreed...$110s now viable within 2-4 weeks.


1.28pm...  one full hour..... a 1pt range.

Urghhhhhhhhhhhhhh