Friday 23 November 2012

10am update - morning melt

Well, its one of those weird days where it really is best to just turn your screen off, and go for a walk or something. There is no point trading this nonsense until next week.


sp'daily5






VIX,daily, rainbow



Summary

We're now just 12pts away from the lower end of my 1410/25 target re-short zone.

Just reflect upon the fact that this time last week we were trading in the low 1340s !
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I still expect higher levels early next week. Whether we get stuck at 1410..25..or even higher, difficult to say.

What is clear, we're headed UP. Bears should be sitting back...oh so patiently!
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back at 11am