Monday 12 November 2012

3pm update - somewhat tiresome

Strange day, but it'll suffice..I guess. Bears can't complain really, the bulls tried to rally Friday, and completely failed. Today, they managed a few points..and can barely hold onto that. Dollar is holding together, metals and oil weak, the good bears should be patient.


sp'60min



vix'60min



Summary

Not much too much to add, its turned into a very quiet afternoon. Clearly - just like last Mon/Tuesday, the market is waiting to make its next move. Considering the weekly charts...that move will surely be to the downside.

*something, quite possibly appropriate, not least on a chilly winters night in London city.



back after the close...