11am update - late morning turn

Equities continue to see minor weak chop, with the sp'1990s still holding. All the smaller equity cycles are arguably floored... and the only issue is whether 2011 will be broken in the next up wave.


sp'60min

Summary

*I picked up a minor long-index block, from sp'1992.
---

Well, its 11am.. and is typical 'turn time'. I'd expect the 2000s later today.

Price action remains relatively muted. Down waves are limited.. and the broader trend remains to the upside.

As has been the case for a very long time.... the best the bears can generally do is to merely hold prices flat...until the next up wave.
--

notable reversal : CHK +2.0%