Thursday 9 August 2012

12pm update - bears need to feed

The market remains in utterly mindless semi-conscious boredom mode, although in the last 10 minutes, something seems to have upset those nasty algo-bots.

Meanwhile....in Colorado, USA





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Sp'daily5b - H/S formation idea


Summary

Market is ticking lower as I type.

*new chart above, its just an idea. I only have low confidence in this formation right now.

Most important of all, as noted, bears must see 1340s...to suggest 'anything interesting', otherwise, its just another higher low..and then up we go into September.

Time for lunch...maybe...something sweet.