chart 16nov, page-3

Sure Jawsy

From my pov the SP was in a downward trend having recovered after approaching the 200 day MA and being clearly in oversold territory. The SP remains firmly in the down channel but is starting to flatten out. This is also indicated by a number of indicators including RSI OBV and MACD, however, the Slow Stochastic is still showing in oversold territory

The recent candles I believe show indecision by the punters.

Interestingly enough the fact there hasn't been massive selling, buying or ramping could mean that IMI have kept the details of the meeting and any further announcements a closely guarded secret ie no leeks. That's a good thing. I guess on Monday people will start to position themselves for either +ve , -ve or indifferent news. I believe volume will be the key.

Further input invited

Cheers
BW