Hi all, thought I'd do an update on what the red and green...

Hi all, thought I'd do an update on what the red and green things say.

Unfortunately, nothing great. The last couple of announcements have completely failed to generate any sustainable momentum or volume.

Currently we are bouncing of that 22.5 line, which if you recall was the bottom of the gap that was last filled. so if you're looking for good news, that's probably it.

We don't have the juice to break above 25.5, which is where the 0.618 fin has been set from the last rally, although increasingly that's becoming an issue the longer we float around below it.

Since September 20th, we have been making lower highs each time the SP tries to push out of this trading band, which is exactly the opposite of what you want to see for an uptrend.

On the optimistic side, breaking and staying above 25.5 would be great, on the pessimistic side the next mark is 21c should we break below 22.5.

IHL is currently completely at the mercy of anyone with a bit of weight who wants to push it around, or just general market whims..