new charts , page-3

Agree mitta, today had the halmarks of a rebound, "BUT" needs to be confirmed.

1) Increasing volume
2) .618 Fib retracement level, is a common strong support level or turning point
3) Open low - Close higher price
4) Some sweet high volume trades throughout the day and at the closing auction
5) End of financial year profit/loss crystalisation and potential market re-entry

I had a target date of 24th June as potential TP, but given the 24th fell on a Friday and global market woes the chance of a TP was slim to say the least. Given that + or - a couple of days doesnt perturb me as time and price cycles are not price or date perfect.

"Most important IMHO" the down trend has not had a proven TP, so I will await confirmation over the next couple of days.

In all though it was a more positive day. A relief to many who had purchased higher.