AVZ chart, page-8322

Would love to share your optimism, but looking at the indicators I'm not so optimistic. I could possibly see a closing of the gap to 60 or 61c on the rebound of the DOW and with that possibly the Australian market, but the Bollinger Band has started to open up for SP to slight down on. RSI crossed the 50 level into bear territory, the Stochastic has crossed over, so has the MACD and the DMI D- over the D+, which IMO doesn't really lend itself to the bullish situation you're suggesting.

There is a possibility that a small double top (confirmed) could play out over time,which could in the process close a weak point in the chart, which some see as a gap to 4.9c. So if this should play out, the Rising Gradient Accumulation, which I saw as a bullish possibility, might be out the window.