Friday 21 December 2012

3pm update - closing hour drop?

Mr Market is still battling it out, with one hour left of the week. There is a small chance of a snap lower. Bears need to see the morning low of sp'1422 taken out to have any chance of testing the key sp'1413.


sp'60min



sp'daily5


Summary

We've seen two very significant intra-day bounces, I do not expect a close in the sp'1430s.
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*Baring a surprise collapse into the sp'1390s, I will comfortably hold short across the weekend, and 'hope' for a gap lower on Monday.
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UPDATE 3.40pm ..looks like the algo-bots are doing a stop run...


 Oh well, I can live with it, we're still closing red.