Friday 23 November 2012

Closing Brief

A nasty little micro-ramp in the closing hour, doubtless annoying those few bears who were trying to catch the top...too early. We're less than a point away from the base of my sp'1410/25 target zone.


dow'60min



sp'60min



Trans'60min


Summary

On days like today, the bears just have to stay out of the way, and let the algo-bots do their nonsense. Its not like we've never seen this madness before. It was to be expected.

Next week should see further gains, but a reversal is seemingly inevitable towards the end of the week.

a few minor bits and pieces across the evening.
--
I'll post a weekend update, late Saturday.

Have a good weekend!