I am expecting some movement though not a lot, unless it moves beyond the boundaries set by last week’s inversion through the sell-off levels. Failing that, it’ll gravitate round the median and we’ll see either no movement or lots of movement on low volumes, or large volume with some movement or concomitant movement in relation to volumes seasonally adjusted and ahead of QE3.
Medium term I’m expecting to work on my abs although the potential for a sudden spike or even minor reversal of course increases in direct relation to the time since the last one.
Longer term, I’m expecting much of the same with the downside looking as likely to follow though unless we get a volume adjusted reassessment of the upside move on varying volume profiles leading to higher levels before it changes direction again or consolidates.
