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w?s=%5EAORD

 

 

Similar action to yesterday, sideways to nowhere. All Ords closed -0.1% with little movement in most sectors. Gold -1.3% had the biggest fall followed by IT -1%. Telecomms gained the most, +0.6%.

 

Over in Asia, China took off, +3.4%, Honkers +0.8%, India -0.1% and Nikkers -0.4%.

 

 

On to UK/Europe:

 

 

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image;size=239x110

 

 

 

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March Sugar going psychobolic again. Starting to scale in some shorts near 26. Currently overbought in all time frames. Might dump some shorts if there is a decent pullback this morning and re enter higher. There will probably be higher prices, but sugar usually tops in Feb. or Nov. during these historic runs. Last year the top occured in Feb. I think this year it will be sometime in November or earlier. We are getting close, but these psychobolic moves can defy reality. Currently, the move off 22.50 only has 3 waves, so I am expecting a pullback (wave IV) and then and advance into wave v.

 

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