I'll leave the chart analysis to dg and Jako as they do a stellar job on here.
I thought I might add something that you may want to consider before making an entry. I don't know if you're looking at trading or investing, or your risk appetite, but before you consider a position, just take a look at the XJD.
Be careful here, there is a lot of room below it. I'm sure people were thinking that we had found a bottom back at 1330. This is not to say that it hasn't found the bottom, just proceed with caution and compare a stock to it's index.
