buy, page-20

True.

But - it did get down to a very significant vertical support area from the support down trend line from 03/10/07, 22/10/07, 22/11/07.

Plus - the 6200 area has been significant lateral support/resistance April/June/August/September.

This confluence of medium/long term support (vertical/lateral) becomes highly significant if a reversal day (not just a bounce) occurs at that point.

And this is occurring at a seasonally favourable time of year.

Now - we still need confirmation.

I'm no day trader.

But I did put my toes back in the water today after being out since the top in October.

If we get confirmation over the next couple of days. I'll enter further.

There's no right or wrong in this business - just good views and poor views - good actions and poor actions.

I respect your views - your view is a worthwhile one - but I expect that the market will move higher here.

If not - I think I made a good move here. There were good reasons for it - it just didn't work out the way I expected.

C'est la vie.

Cheers
Red