quiet friday, page-29

Jaolsa - Yes overbought and this is a worry because that blessed Slow Stoch's need to come off particularly on our market. But one thing I did go and check was the behaviour of this indicator as we came out of the March 2003 low and on that occasion it got to 99.37 - the high this time has been 89.43. That is the S&P by the way. And please, I am not just trying to build a bullish picture but trying to stand back a couple of paces and think a bit differently. Despite all the bad news here yesterday, our market made a really good recovery late. But I admit the ice is pretty thin at the moment. Haven't done my charts yet for this weekend so hopefully will have a bit more idea then.