Where have all the Cheer Leaders Gone, page-27

TA is simple at this stage. Wait for the decline to end. Then consolidation and a new higher low. Peanuts for volume and looks a typical case of the traders/investors who are in profit from the mid 6s cashing in and further bearish pressure forcing others to protect capital. The volume is low so nothing to be of concern. If you look at my previous posts i alluded to fact that this will rise pre-announcement then spike then retrace for the next appraisal as interest will dissipate. Then we need to c wher this sp ends to observe a re-rate. it coul end anywhere at these levels or lower. i would watch for this to ease then jump back in. There is a uptrend from mid 5s low thru recent 6.6. So watch out at these levels. Please wait for conformation. Indicators are also coming off. As ive said this is going to be bearisg as many agendas with FAR, namely TO.