Friday 8 June 2012

11am update - waiting

As his highness, Lord Obama speaks on the 'state of the economy', market is seeing a little ramp, with the 15min cycle cruising strongly higher. Its sure starting to look like a baby bear flag to me!


sp'15min




sp'60min



Summary

If I can't see an ideal entry, I ain't going to meddle in this market today. So far we've seen an opening drop, then mini ramp...the current level is NOT acceptable for a long entry in my view.

I'm waiting, probably until 1-2pm.
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