Wednesday 26 December 2012

2pm update - on track

The indexes are continuing to show the weakness the bears will need if we're to keep within the July/August 2011 style of decline.


sp'daily5



vix'daily


Summary

Its looking kinda fine, obviously, we're still awaiting for the VIX break >20.

back after the close...

*I will endeavour to update..whenever my lousy stinking connection is running.
 --

Dow, weekly1, rainbow



First sign of weakness on the weekly charts..a blue candle. I'll look for this to turn red by the Friday close.

First primary target is 12k..and for that to FAIL...with PRIMARY exit target @ 11500/300..by mid-January.