Monday 11 February 2013

10am update - another week of POMO

Good morning, and welcome to another POMO fuelled week of the most rigged casino in the world. Mr Market is due to cycle marginally lower, as pressured by the hourly cycle, yet it'll surely just put in yet another higher low in this cycle. Dollar is a touch higher, metals noticeably lower.


sp'60min



slv'60min


Summary

Not much going on really, and with 4/5 days being POMO fuelled, there is little reason to expect any significant..and persistant downside.